29 Aug '12, 10pm

A Late Bet on Coal May Not Pay Off

A Late Bet on Coal May Not Pay Off

Dilip Vishwanat for The New York Times The Prairie State Energy Campus under construction in 2010. The Prairie State Energy Campus , a vast new coal-fired power plant and mine that is now approaching completion in downstate Illinois is likely to be one of the last of its kind in this country, given that new Environmental Protection Agency regulations bar plants that put out as much carbon dioxide as conventional coal plants. The builders, a consortium of municipal utilities and co-ops across eight states from Missouri to West Virginia, rushed to get it up and running before greenhouse rules could stop it, convinced that coal would be cheaper for the next few decades than alternative sources, like gas or nuclear. But at least for the near term, the owners will be paying extra for electricity, according to a report produced at the behest of anti-coal groups. When the constru...

Full article: http://green.blogs.nytimes.com/2012/08/29/a-late-bet-on-c...

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