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Friday, March 06, 2009

Herd on the Hill: Power plant goes down before it's even built

Excerpted from this post at Herd on the Hill

Today it was announced that Alliant Energy will not
move forward with their plans to build a $1.8 billion coal plant in
Marshalltown. The Iowa Utilities Board set too much red tape around
the facility being built. Iowa currently receives 76% of it's power
from coal plants and because of that, rates in the state are some of
the lowest in the nation. Those in support of the Marshalltown power
plant have argued that another coal-fired plant is needed in order to
bring more accessible power to the state. A larger power base will be
more attractive to businesses as they explore moving to Iowa. And at a
time when everyone seems to be talking about bringing jobs to the
state, the IUB and with no help from the Governor, this plant plan has
died.

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Mike Schramm
Andy Szal

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