The developer of a $2 billion coal-to-gas plant proposed for Spencer County, Ind., has shelved the project — at least for now.
The end of contract negotiations comes amid uncertainty over what the new Congress or the incoming administration of President-elect Barack Obama might require of coal plants, in terms of limiting their greenhouse gas emissions, such as carbon dioxide. The likelihood that coal plants might have to capture the carbon dioxide and inject it underground, at unknown costs, adds to the uncertainty.
"That could have an impact on the price of gas this (plant) could yield, especially if the plant would have to capture carbon. That could impact the capital costs," said Chase Kelley, Vectren Corp. communications director.
Hasn't even taken the oath of office yet and already scaring the shit out of coal related industry.
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