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Chicago Tribune: Coal plant closures could send electricity costs soaring

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[The following is a paid advertisement.]

While our opponents have been telling legislators the fiction that coal plant closures were “simply speculation,” Tenaska has been using facts to warn of what’s to come.

The Chicago Tribune yesterday focused on some of those facts for its lead business story:

“Residential electricity prices are expected to spike by more than 10 percent beginning in 2015, with consumers paying between $150 and $330 a year more than this year, as coal plants, the least expensive producers of electricity, continue to close.”

But aren’t closing coal plants “merely speculation” as Taylorville opponents have claimed? Not according to the Tribune:

“The closings of 319 coal-fueled generating units totaling 42,895 megawatts, about 13 percent of the nation’s coal fleet, have been announced nationwide since January 2010, according to the Sierra Club.”

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Independent Study Finds Taylorville Project Now Saves Ratepayers With Below Market Pricing

Earlier this week, independent analyst Pace Global used US Department of Energy data to analyze Tenaska’s new “Power Block First” approach and found that because the market has tightened, the Taylorville Energy Center will actually SAVE consumers $437.7 million over 20 years, including more than $250 million in the first five years.

Find out more at SB678NOW.com

posted by Advertising Department
Friday, May 18, 12 @ 3:47 pm

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