Saturday, January 24, 2009

EPA Blocks N Dakota Coal Plant - Hope to stop Dominion's Wise County plant?

The terrific blog It's Getting Hot in Here has a great post on Obama's EPA acting within less than a week of the inauguration to revoke the permit for a massive coal-fired plant on the border of North Dakota and Minnesota (Big Stone II)

But what a difference a week can make. Today, Obama’s EPA revoked the original OK given for the South Dakota air permit, citing worries about the plant’s contributions to global warming and inadequate emissions monitoring. This action took place on the dead last day for review for the plant’s application. Talk about good timing!

What might this mean for Dominion's Wise Country power plant? It seems that many of the same conditions apply. Also of note: a recent independent study determined that

cost estimates for future coal power [from the plant] were far too low, considering an impending carbon price.

Also seems relevant to Wise County, no? Time to dump those Dominion Resources shares!!

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