A plan to build a new coal-fired power plant in Waterloo is not likely to move forward after losing funding.  From the Des Moines Register:

Elk Run Energy Associates, an affiliate of LS Power, announced Tuesday that it will forgo further development on the proposed 750-megawatt Elk Run Energy Station. The project, one of two new plants proposed for Iowa, lost financial partner Dynegy Inc. on Jan. 2.

The Waterloo plant was one of two controversial coal plant projects in Iowa.  The second, in Marshalltown, received permission from the Iowa Utilities Board to move forward last April.