Tuesday, March 4, 2008

Don't get burned: the risks of investing in new coal-fired generating facilities

"Facing rising construction costs, regulatory uncertainties, environmental concerns and other growing risks, the utilities with more than 100 proposed new coal-fired power plants on the drawing board now are facing “comparable risks and uncertainties” to what derailed the U.S. nuclear power industry in the 1970s, according to a major new report prepared by Synapse Energy Economics, Inc., for the Interfaith Center on Corporate Responsibility (ICCR). The report concludes that “coal is losing its appeal as a predictable investment and is instead fraught with uncertainty.”"