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 thePasadena 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.



John Ransom

John Ransom is the Finance Editor for Townhall Finance.
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