02 Sep '12, 1pm

Higher Utility Bills? Thank the New Coal-Fired Power Plant

Higher Utility Bills? Thank the New Coal-Fired Power Plant

Fossil fuels are on their way to becoming obsolete. Coal and oil are finite resources, and with a global population over 7 billion, supply simply can’t keep up with the demand for much longer. Still, the fossil fuel industry is so deeply embedded into the American government and economy, we give billions in subsidies each year to prop it up and suppress price. It seems that King Coal’s tired motto of “cheaper and domestically-produced” might be on its last leg, however. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) says that electricity produced by a new Peabody Energy coal-fired power plant is likely to result in a 40-100 percent rate hike for 2.5 million American utility customers. The report, ”The Prairie State Coal Plant: The Reality vs. the Promise” [PDF] unravels the sordid tale of the Prairie State Energy Campus (PSEC): a 1,600-...

Full article: http://www.care2.com/causes/higher-utility-bills-thank-th...

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Abu Dhabi’s $600M Solar Power Plant - Solar Feeds

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elliotsblog.com 05 Sep '12, 1pm