Top 5 Reasons Why the Tenaska Plant Proposal is a Terrible Idea
Monday, Nov 15, 2010 - Posted by Capitol Fax Blog Advertising Department
[The following is a paid advertisement.]
1. An enormous burden on the Illinois economy and consumers
In the best case scenario, Tenaska’s proposal would force all Illinois consumers to pay at least $286 million more for electricity annually than they would otherwise. (That’s $8.6 Billion over 30 years!) And who pays for overruns? Consumers.
2. A “jobs program” that actually kills jobs
The Tenaska plant would cost ten times as many jobs as it creates! Raising the cost of doing business to this degree will cost between 15,000 to 35,000 jobs, according to independent economic analysts.
3. It’s anything but “green”
Even if everything goes right, the plant has the same emissions profile as a natural gas-fired power plant, which is a lot cheaper. More likely, the plant will either be MUCH more expensive or MUCH more polluting.
4. Huge environmental concerns
Underground sequestration is untried and untested, and could be very dangerous to any community living on top of all that CO2.
5. Shatter Illinois’ competitive electric market
Forcing Illinois’ 41 certified retail electric suppliers to buy the plant’s power – no matter the price - is anti-competitive and turns the whole principle of competitive markets on its head.
For more information, visit www.stopcoalition.com