Kansas Coal Power Proposal a Significant Risk to Ratepayers
A new report has been released providing further evidence that Kansas Governor Kathleen Sebelius made the right decision in vetoing a Bill calling for the expansion of coal-fired electricity generation in that State.
The report, prepared by financial research firm Innovest Strategic Value Advisors, concludes that the proposed coal-fired plant in Kansas could end up costing consumers between $22.4 million and $51.6 million annually.
Innovest found that:
Even in the face of this recent study and the well-documented negative environmental impacts of coal-fired electrical generation, State legislators have already introduced a second bill trying to ramrod through the expansion proposal.
Check out Solve Climate for an in-depth look at the Innovest report.
Pretty much kills the
Pretty much kills the "deniers'" argument that measures to reduce greenhouse gas emissions would destroy the economy and make us all poor.
Excellent work, Gov. Sebelius!
Funders of the Study
So...why don't you disclose who actually paid for this "study" by this credible "firm?"
The answer - it was funded by NRDC.
So how can this study be viewed as an unbiased view of the situation.
The answer....
IT CAN'T!
Flaws
Another thing you fail to mention here.....
The analysis is flawed in at least two critical aspects: 1) failure to analyze increasing gas price risks (reliance on Nov 2007 EPRI data "reported" in the New York Times and 2) omission of phased CCS retrofit potential at Sunflower , i.e., installing CCS technology such as chilled ammonia in 2030 when carbon prices increase (and gas is through the roof), to reduce exposure to carbon allowance costs.
Hmmmm......biased studies at their finest!