Ga. Utility Backs Out Of $2B Coal Plant, Citing EPA Regs

Law360, New York (January 25, 2012, 3:54 PM EST) -- Power cooperative Cobb Electric Membership Corp. is pulling out of a controversial $2 billion coal plant under development in Georgia, the company said Wednesday, citing uncertainty over coming federal coal regulations.

The company's board of directors voted Tuesday to end the electric co-op’s involvement in the proposed 850-megawatt plant, including pulling its $1.7 million obligation slated to go toward development costs this year.

The decision may doom the project, which has four other co-op backers but has sparked backlash from clean-energy groups and Cobb's customer-owners. It...
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