Five PA coal-fueled power plants to close due to Obama administration regulation
"We get on President Obama’s case for neglecting to keep his campaign promises, so it’s only fair to note when he fulfills them. In January 2008, Obama promised to bankrupt coal-fired power plants with his new environmental regulations. Consider this a promise kept:
GenOn Energy Inc. plans to close five of its older coal-fired power plants in Pennsylvania over the next four years.
The company, based in Houston, said Wednesday that tough new environmental rules make it unprofitable to operate the plants, which generate a total of 3,140 megawatts of electricity. The plants are in Portland, Shawville, Titus, New Castle and Elrama. Two plants in Ohio and one in New Jersey will also be closed. The company said the timeframes are subject to further review based on market conditions." [HOT AIR]
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