Jun 1, 2024

Coal fleece

It’s not only future generations who get screwed:

In Louisiana in February, an administrative law judge recommended that state regulators reject a request from two utilities that wanted to recover more than $180 million in fuel costs from ratepayers stemming from a coal-fired power plant that was shut down in 2021. The judge found that the utilities fed their customers high-cost power by burning coal sourced from a mine that they also owned. The utilities quadrupled the price of coal to recover an investment made to the mine, a practice that tripled the cost of electricity from their power plant, Dolet Hills Power Station.

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