Tuesday, January 06, 2009

LS Power Pulls the Plug on Waterloo Coal Plant

It was announced today that LS Power is pulling the plug on plans for a coal-fired power plant in Waterloo after they lost a major funder last week.

LS POWER AFFILIATE WILL FOREGO FURTHER DEVELOPMENT OF ELK RUN ENERGY STATION
01/06/2009

WATERLOO, IOWA (January 6, 2009) - LS Power affiliate, Elk Run Energy Associates, LLC, announced today that it will forego further development of the Elk Run Energy Station in Waterloo, Iowa.

Given the slowing load growth in the region due to the current downturn in the U.S. economy, and the fact that LS Power has more advanced projects under development in the region that could serve the same need, the Company will redirect its development efforts to other projects.

This is a great victory for Community Energy Solutions, the community group that organized against the coal plant and provided information about the environmental, health, and economic dangers of coal plants.

The focus now turns to the proposed coal plant in Marshalltown. Will Alliant feel the same economic pressure as LS Power and pull the plug?

2 comments:

Chris said...

Good. Find some source of energy that will employ Iowans. Wind is good. Not reliable, I know, but... Why import dirty energy from another part of the country? They like coal in Tennessee, let them burn it in Tennessee. Let's develop something friendlier here as long as we have a few minutes to do so...

noneed4thneed said...

The proposed Alliant coal plant in Marshalltown is estimated to cost $1 billion. I'd like to see that kind of investment in wind energy in the state.