Tuesday, May 19, 2009
News Two utilities back out of proposed Georgia coal plant
Posted by Thomas Wheatley @thomaswheatley on Tue, May 19, 2009 at 2:19 PM
Two Georgia utilities have backed out of a coalition that wants to build a coal-fired power plant in Washington County, Ga..
GreyStone Power and the Excelsior Electric Membership Corporation's exit from the $2.2 billion project now leaves eight investors, all customer-supported EMCs, to pay for the 850 MW plant.
From the AJC:
Led by Cobb EMC, the project was a departure for the state’s electric cooperatives. Co-ops distribute power in Georgia, but had not built a large-scale generating plant before.GreyStone cited an uncertain regulatory environment in Washington for the decision.
Dean Alford, a spokesman for the coalition, said the remaining co-ops are committed to the project. In a statement, the coalition said Georgia’s future energy needs can’t be met without coal.
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