T. Boone Pickens scraps wind farm for now


T. Boone Pickens is not a modest man. Then again, the self-made billionaire has earned the right to brag a little even though his ego was bruised today by the high-profile flop of his $8 billion wind energy project in his native Texas. Pickens, 81, was undaunted declaring at press conference on Capitol Hill, "I didn't cancel it ...Financing is tough right now and so it's going to be delayed a year or two."

"Cancel" may not be the right word. How about review? Pickens, who gained fame as a corporate raider in the 1980s, was planning to build the world's largest wind facility, at a site in the windy, flatlands near Pampa, Texas, which would generate enough electricity to power about 1.2 million homes.