Texarkana and the region may have lost a hedge against recession last week when the Arkansas Court of Appeals determined the state’s utility regulator didn’t follow its own rules in approving a power plant near Fulton, Ark.

The more-than-$2-billion project would have created hundreds of good construction jobs for three or more years until completion.

If timing is everything, then the power plant construction and the sweeping, Interstate 30 renovations in Texarkana were right on. Both were planned and under way before the recession hit, and both are of long enough durati...

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