Coal plants put ratepayers, taxpayers at risk
Today the Sierra Club sent a letter to the U.S. Department of Agriculture expressing concern about the USDA's approvals for electric cooperatives to pursue private financing for coal plants without any environmental analysis.
The USDA is being asked to suspend and rescind such approvals. More than $36 billion in outstanding loans - taxpayers money - and our energy bills are in the balance. With the clear impacts of global warming, and the rising cost of building and fueling new coal plants, continuing to approve these risky investments without environmental analysis is a poor decision indeed.
At least ten proposed coal plants around the country would be affected by potential USDA action.