Such a deal — $12 billion in higher electricity costs to reduce global manmade greenhouse gas emissions by 0.0067% annually.
A coalition of Illinois businesses, including retailers Wal-Mart, Safeway and Macy’s, has asked the Illinois General Assembly to reject legislation that would permit the construction of a $3.5 billion clean coal plant in the central part of the state.
The 716-megawatt Taylorville Energy Center, whose prospects are bound to S.B. 678, also called the “Tenaska bill,” would employ coal-to-gas conversion technology that proponents say will make the plant one of the cleanest coal-burning facilities in the world.
The plant would also use carbon capture and storage (CCS) technology to help offset as much as 1.9 million tons of annual energy sector carbon dioxide, according to a “Clean Coal Illinois” website set up by Nebraska-based Tenaska Energy, which would build and operate the plant.
But critics of the legislation, which awaits action in the House of Representatives, say its passage will drive up electricity costs by as much as $12 billion by forcing Illinois rate-based utilities and other electricity providers to purchase higher-cost electricity from the Taylorville plant, which would be built about 25 miles southeast of Springfield…