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Dynegy Cancels Investment in Six Coal Burning Power Plants-(Ecolibs Win, America LOSES)
Itsgettinghotin here ^ | yochizakai

Posted on 01/02/2009 12:35:21 PM PST by tcrlaf

The Dynegy Corporation has announced the termination of their coal-plant development partnership with LS Power, effectively canceling plans for six new coal burning power plants.

Momentum against coal is growing all around the country, as residents of Kingston, Tennessee recover from a one billion gallon spill of toxic coal ash produced by a coal plant last week. That spill promises to leave streams, fish, front yards and drinking water in the community under health advisories for months, if not years. Now, just two days into 2009 the tally of canceled coal plants is already ticking up.

The environmental community has labeled Dynegy “the next King Coal” in response to their plans to build these coal plants, the largest new coal fleet proposed in the USA. The Sierra Club launched a campaign to Clean Up Dynegy in February 2007, that spring thousands of Green America members asked Dynegy to cancel the plants and with the help of RAN, Public Citizen and a busload of Southern Energy Network student activists a massive protest engulfed Dynegy’s annual meeting in Houston last May.

There, inside the shareholder meeting, investors warned about the massive cost of carbon regulation to the company and activists raised concerns about the toll of its coal plants on surrounding communities and the climate. This summer courts in Georgia dealt Dynegy another setback, halting plans for a new plant until the state developed a plan to regulate carbon dioxide emissions from the plant.

Today Dynegy is backing down, canceling their partnership with LS power.


TOPICS:
KEYWORDS: coal; dynegy; electricity; energy; energywar; power; russiasmove
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Other than the rather DRY Dynegy Press release, this was all I could find on this story.

YES, it's an Eco-lib site, but it explains WHO killed this pretty plainly.

Obama has made it plainly clear what he intends to do to coal, and now it's costing Americans JOBS. I hope the UMW, that spent members money to commit ECONOMIC SUICIDE is listening...

1 posted on 01/02/2009 12:35:22 PM PST by tcrlaf
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To: tcrlaf

BUILD NUCLEAR POWER PLANTS!>.......................


2 posted on 01/02/2009 12:44:59 PM PST by Red Badger (I was sad because I had no shoes to throw, until I met a reporter who had no feet.....)
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To: tcrlaf

It will only be so long before economic reality will catch up. Somehow I doubt the “change” most Obama voters were looking for involved shivering in their houses because they can’t afford their sky-high electric bills.

The plurality of our electricity will come from coal for the foreseeable future. Even the Messiah can’t change that.


3 posted on 01/02/2009 12:46:51 PM PST by The Pack Knight (Duty, Honor, Country)
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To: The Pack Knight

I’m just amazed at the utter stupidity of these morons. They think electricity magicly comes from a switch on the wall.

Meanwhile, Democrat policies keep destroying more and more jobs. And Mostly DEMOCRAT-VOTING JOBS...

How did we get so stupid???


4 posted on 01/02/2009 12:49:47 PM PST by tcrlaf (You Voted DEMOCRAT-You'll Look GREAT In A Burqa!)
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To: tcrlaf
How did we get so stupid???

Leftists went for the schools. Everyone let them. The rest was inevitable.

5 posted on 01/02/2009 12:51:34 PM PST by TChris (So many useful idiots...)
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To: tcrlaf

Not to worry. A few more windmills here and there, a couple of solar panels on the roof, toss in a few CFLs and everything will be fine. Those coal plants don’t generate much power anyhow.


6 posted on 01/02/2009 12:52:29 PM PST by ProtectOurFreedom
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To: TChris
Leftists went for the schools. Everyone let them. The rest was inevitable.

Couldn't agree more.
7 posted on 01/02/2009 12:57:31 PM PST by CottonBall
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To: tcrlaf
Before they go peeing in the tent, the eco-people who prefer solar instead of coal should look at the amount of cleared acreage a solar powered system requires to produce the same amount of energy a coal burning power plant produces.

Then they need to calculate the cost of building each and determine how long each system can operate, as well as coming up with a way to maintain the flow of energy at night or on less than optimal days for the solar plant.

Lunch is now free, but it means skipping suppers and paying two or three times as much for breakfast.

8 posted on 01/02/2009 12:58:58 PM PST by GBA
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To: tcrlaf

CNN positively fawned over the ash spill, repeatedly saying “coal-fired power plant” along with the appropriate descriptors of danger, threat, risk, worry, etc as they showed aerial photos of the ash. They also stated such plants contribute to the unquestionable global warming. It’s clear that Obama’s anti-coal mantra has been taken up.


9 posted on 01/02/2009 1:00:36 PM PST by Sender (Never lose your ignorance; you can never regain it!)
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To: tcrlaf

Exactly, and power plants are just pollution factories that have nothing at all to do with allowing them to watch An Inconvenient Truth on their plasma TVs in their heated and lit houses while eating the vegetarian lasagna they took out of their freezer and heated in their microwave. Nothing at all.


10 posted on 01/02/2009 1:01:06 PM PST by The Pack Knight (Duty, Honor, Country)
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To: tcrlaf

...and voters in coal-producing states KNEW that Obama would kill the coal industry, but they still voted for him!


11 posted on 01/02/2009 1:02:05 PM PST by Sender (Never lose your ignorance; you can never regain it!)
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To: tcrlaf
Obama has made it plainly clear what he intends to do to coal, and now it's costing Americans JOBS. I hope the UMW, that spent members money to commit ECONOMIC SUICIDE is listening...

And don't forget what the zer0bama concluded in his speech about bankrupting coal companies - electric rates in America are going through the roof. A perfect example of how democRATs work - convert as much of America as possible to a victim class, then the victims will all need democRAT government help just to get by in their miserable lives. See tag line..............
12 posted on 01/02/2009 1:04:31 PM PST by Cheerio (Barack Hussein 0bama=The Complete Destruction of American Capitalism)
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To: Red Badger

“BUILD NUCLEAR POWER PLANTS!”

^^^ This.


13 posted on 01/02/2009 1:05:03 PM PST by walford (http://the-big-pic.org)
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To: The Pack Knight

But hey...
At LEAST they won’t be dyin’ from Globo Warmin’!!


14 posted on 01/02/2009 1:05:31 PM PST by tcrlaf (You Voted DEMOCRAT-You'll Look GREAT In A Burqa!)
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To: GBA
Before they go peeing in the tent, the eco-people who prefer solar instead of coal should look at the amount of cleared acreage a solar powered system requires to produce the same amount of energy a coal burning power plant produces.

CA mandates that any company building a solar plant must buy 4 times the acreage the plant would occupy of similar undisturbed land and leave it pristine. I know of at least one company that decided to forget building one because that made the cost too prohibitive.
15 posted on 01/02/2009 1:06:23 PM PST by CottonBall
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To: tcrlaf

What a shame! Coal is our greatest energy resource.


16 posted on 01/02/2009 1:11:15 PM PST by dennisw (On the 31st floor a gold plated door won't keep out the Lord's burning rage ---FBB)
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To: tcrlaf; Entrepreneur; Defendingliberty; WL-law; Genesis defender; proud_yank; FrPR; ...
 




Beam me to Planet Gore !

17 posted on 01/02/2009 1:13:23 PM PST by steelyourfaith
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To: tcrlaf
“How did we get so stupid???”

Three letters:
N
E
A

Has had an inordinate influence on the dumbing-down of America.

18 posted on 01/02/2009 1:26:31 PM PST by Ghost of Philip Marlowe (Abortion has become little more than the New Left's execution of political prisoners.)
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To: tcrlaf

I guess they figured it would be a bad investment given that Obama has said he wanted to “bankrupt” the coal industry.


19 posted on 01/02/2009 1:31:49 PM PST by St. Louis Conservative
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Comment #20 Removed by Moderator


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