Private equity kept aging Homer City plant open, then closed it with no plan for the community
For some industry observers and analysts, the Homer City station stands as a cautionary tale regarding the growing role of private equity, typically backed by large institutional investors, like pension funds, in the financing of coal production and the operation of coal-fired power plants, marked by a desire for quick profits. While banks have increasingly pulled back from financing fossil fuels, notorious for their damage to the environment, private equity has helped keep the coal industry alive. In the case of Homer City, the plant’s private equity owners kept a failing company operating for another six years — as it further polluted the environment and extended the power sector’s reliance on coal.
Federal regulators approve new rules to ease power connection backlogs
The Federal Energy Regulatory Commission on Thursday finalized long-awaited new rules intended to reform how power generation projects get connected to the electric grid, seen as a major step in smoothing the path for thousands of mostly renewable power projects currently waiting to plug in. “This rule will ensure that our country’s vast generation resources […]
EPA again proposes power plant carbon rules. What’s next?
The courts tossed previous efforts. Is the third time the charm for the Biden administration?
EPA ruling could shutter W. Pa power plant ahead of schedule
The Keystone-Conemaugh plant was one of six sites tagged by federal regulators.
Here’s how poisonous mercury gets from coal-fired power plants into the fish you eat | Analysis
The Biden administration made the right call reinstating a federal rule limiting such emissions.