The Argus Leader informs us that Big Stone II cannot get enough investors, so it is shut down:
The Big Stone II coal-fired power plant project is no more, as the remaining partners in the venture said Monday that building the $1.6 billion plant near Milbank no longer is economically possible.
Those partners include the Central Minnesota Municipal Power Agency, Heartland Consumers Power District, Missouri River Energy Services and Montana-Dakota Utilities Co.
The plant was to generate about 580 megawatts of electricity by burning low-sulfur, pulverized coal from Wyoming. In a joint statement, the partners said it was the least costly, most environmentally sound baseload power plant for the participants. But when no new partners came forward to share in the costs, it was apparent that the plant could not be built.
The report made no mention of teh impact Obama's fascist Cap & Trade agenda had on those investors. The report did cover teh celbration of Obama's political allies:
Environmental groups hailed the move Monday, saying the Midwest needs to divest itself from coal and invest heavily in green power, such as wind and solar. About 76 percent of the electricity generated in the West North Central region - Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota - is coal-fired.
Again we have political forces and not free markets dictate what we do.
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