John Ransom

ModMark wrote: One of the coal plants shut down in Chicago was built ~90 years ago. While upgraded in the 1950's. it still did not meet EPA standards before Obama was elected. These plants were grandfather in when the clean air act was past. These ancient relics should have been converted to natural gas long ago.Do you really want to live next to one of these ancient plants? –in response to Obama Promise Kept: Coal Plants to go Bankrupt with New EPA Carbon Cap

Dear Comrade Mark,

The building was built 90 years ago, but the actual power plant generating electricity is considerably younger than that. And according to the company, the plant either meets “or exceed[s] federal and state emissions requirements” according to the Pasadena Star.

And… oh, by the way… the plant did meet EPA standards well before Obama was elected. That’s why one of the largest buyers of renewable energy- Southern California Edison- bought the coal-fired plants in the first place: They generated cheap electricity from that plant that could be sold to the highest bidder, while staying in compliance with EPA requirements for their class. For the buyers it helped subsidize the costs of more expensive “green” energy.

The issue for plant closure is that the people- think voters- who live around the plant would see the value of their real estate go up if the plant closed down. They would also see their neighbors lose their jobs. But, hey, jobs are optional in Obamaland. So the politically connected did what they do best in Chicago: They waged a harassment campaign against the power plant until the company agreed to close. 

No doubt the plant’s an eyesore. But once again liberals perverted science to pretend that it was a threat to the health of the community. Study after study showed that while it’s true that Chicago has high asthma rates, it’s not because of this one power plant. In fact, asthma rates around the plant are lower than average for Chicago.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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