Drax faced a financial crisis late last year after it lost its most lucrative sales contract , held with insolvent utility TXU Europe .
Drax ’ s troubles began late last year when it lost its most lucrative sales contract , with the insolvent utility TXU Europe .
" While the rest of America grapples with an economic downturn , recession has become a permanent way of life for much of rural America , " Edwards said in a speech .