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The debt restructuring agreement was signed just days before CEO, Chris Hauck, was hired in 1988. Sunflower and its eight members faced a plummeting local economy, double-digit interest rates, and the problem of what to do with their brand-new $500 million coal-fired Holcomb power plant, loaded with expensive cutting-edge pollution control equipment and sized to meet an anticipated booming demand for energy that, even today, has not fully materialized. In 1988, the morale of Sunflower people was at an all-time low, as they faced an uncertain future with a debt structure thought by many to be only a temporary fix, with local newspapers leveling charges of mismanagement and corruption...
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