Two utilities back out of proposed Georgia coal plant
May 19, 2009 at 10:19 am by Thomas Wheatley in NewsTwo Georgia utilities have backed out of a coalition that wants to build a coal-fired power plant in Washington County, Ga.
GreyStone Power and Excelsior Electric Membership Corporation’s exit from the $2.2 billion project now leaves eight investors, all EMCs, to pay for the 850 MW plant.
From the AJC:
Led by Cobb EMC, the project was a departure for the state’s electric cooperatives. Co-ops distribute power in Georgia, but had not built a large-scale generating plant before.
GreyStone cited an uncertain regulatory environment in Washington for the decision.
…
Dean Alford, a spokesman for the coalition, said the remaining co-ops are committed to the project. In a statement, the coalition said Georgia’s future energy needs can’t be met without coal.
May 19th, 2009 at 11:12 am
I’m sure our Republican overlords in the next GA General Assembly will be able to craft some sort of legislation that makes the Georgia taxpayer subsidize the development of the coal plant.