Proposed Washington County coal plant loses two more investors
May 20, 2009 at 8:59 am by Thomas Wheatley in NewsTwo more utilities have backed out of a coalition that wants to build a proposed coal-fired power plant in Washington County, Ga.
From the Macon Telegraph:
Electric cooperatives representing half the stake in a proposed coal-fired power plant in Middle Georgia have pulled out of the deal, electric membership corporations confirmed Tuesday.
The $2.1 billion Plant Washington project is being developed for a site eight miles north of Sandersville by Power4Georgians, which originally consisted of 10 partner EMCs. The two with the largest stakes, Jackson and GrayStone Power, have pulled out, as have the smaller Excelsior and Diverse Power.
All the cooperatives that have stepped away from the plant cited uncertainty about future federal regulation of carbon dioxide emissions from coal-fired plants, which seems eminent.
…
The four EMCs that withdrew represented 50 percent to 55 percent of the total stake in the plant, said Chip Stewart with Cookerly Public Relations, which represents Power4Georgians.
The Telegraph has a thorough report as to why the EMCs are leaving the project. Check it out.
May 20th, 2009 at 11:39 am
Congrats on the award.
Is this weekly going to report on the study that came out yesterday regarding the finances of 13 major American cities?
I know CL doesn’t like to give the mayor and credit, but according to the study, Atlanta’s finances are better off than 8 other major American cities. I would say that is news.
If you can report on studies for tress, the beltline, and every other friggin study surely this one deserves coverage.
May 21st, 2009 at 5:06 pm
Affordable electricity is an essential part of protecting consumers and American businesses. During the America’s Power Factuality Tour, our team traveled all over the country to document the places, people and technologies involved in producing cleaner electricity from domestic coal. Our travels brought us to Council Bluffs, Iowa, home of the Walter Scott Energy Center – one of the most efficient coal-based plants in America. This facility generates more than 1,600 megawatts of affordable electricity, which has a positive long-term economic impact on the region—one that includes a Google data facility.
Take a look at the plant in action and meet the people who keep it running: Factuality Tour