Five coal-powered power plants in Pennsylvania will now close thanks to new regulations by the Obama Administration.
GenOn Energy Inc. plans to close five of its older coal-fired power plants in Pennsylvania over the next four years.
The company, based in Houston, said Wednesday that tough new environmental rules make it unprofitable to operate the plants, which generate a total of 3,140 megawatts of electricity. The plants are in Portland, Shawville, Titus, New Castle and Elrama. Two plants in Ohio and one in New Jersey will also be closed. The company said the timeframes are subject to further review based on market conditions.
Hey, at least he’s living up to his 2008 promise to bankrupt coal-powered power plants. “Obama lives up to a promise” is a rare enough headline to justify notation.