Tuesday, February 27, 2007

TXU Faces Environmental Hurdles

According to The Age,
TXU Corp, the Texas power producer that agreed to be sold in the largest-ever leveraged buy-out, still faces opposition from environmental groups after reducing expansion plans to win support for the deal.
Public Citizen's Texas office director Tom Smith said he was seeking a two-year moratorium on construction of power plants fuelled by pulverised coal.
His comments followed a TXU pledge to cancel eight of the 11 new coal-fuelled generators it was planning and to support mandatory US limits on power-plant emissions linked to global warming.
The buyers still plan to build "the three dirtiest plants in their proposal", Mr Smith said.
TXU plans to lift profit by selling more low-cost electricity from coal plants in the biggest power-consuming US state.

IREJN is Connecticut's Interfaith Power and Light. Visit us at www.irejn.org.

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