US coal-fired power plant plans up in smoke?
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The future of coal-fired
power plants is seen so tied up by legal challenges from green
groups, that it could slow, or even thwart, plans to use
America's abundant coal supplies to generate its growing
electricity needs. The recent decision by Texas utility TXU Corp. (TXU.N: Quote, Profile , Research) to
scrap eight of 11 planned coal-fired plants to gain
environmental support for its leveraged buyout, has thrown the
growth prospects of the coal-mining industry into doubt.
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Monday 5 March, 2007 02:51 PM |