I have never fully figured out what these economic development bonds do, but they apparently dramatically lower the cost of borrowed money for coal-fired power plants. Soon as I get a "Round Tuit", I want to figure out what these actually mean and whether it is a good use of our time to fight this practice. See link to attached news article.
If there is an economist, banker, business major, or just someone who can balance a checkbook, who wants to do some behind the scenes work over the next few months, let me know. We can figure out what these do and how to fight them.
Jim Kotcon
articles@cnpapers.com 12/17/2010 7:01 AM >>>
jkotcon@wvu.edu sent you this article ----- December 16, 2010 $80M in bonds OK'd for power plants ( http://www.wvgazette.com/News/201012160888 ) By Eric Eyre ( about:contact/revprler+jitnmrggr+pbz+return=/News/201012160888 ) The Charleston Gazette P>CHARLESTON, W.Va. -- Appalachian Power received the go-ahead Thursday to issue up to $60 million in bonds that will help pay for landfill improvements and a scrubber on a power-generating unit at the John Amos Power Plant near Winfield.
T ... Read more ( http://www.wvgazette.com/News/201012160888 ) -----
At the least it means the state is working hand-in-hand with the power companies to make it easier/cheaper to burn more coal.
Jim Sconyers jim_scon@yahoo.com 304.698.9628
Remember: Mother Nature bats last.
________________________________ From: James Kotcon jkotcon@wvu.edu To: peter.morgan@apps.sierraclub.org; ec@osenergy.org; aaron.isherwood@sierraclub.org Sent: Mon, December 20, 2010 2:31:10 PM Subject: [EC] Fwd: [Charleston Newspapers] Article - $80M in bonds OK'd for power plants
I have never fully figured out what these economic development bonds do, but they apparently dramatically lower the cost of borrowed money for coal-fired power plants. Soon as I get a "Round Tuit", I want to figure out what these actually mean and whether it is a good use of our time to fight this practice. See link to attached news article.
If there is an economist, banker, business major, or just someone who can balance a checkbook, who wants to do some behind the scenes work over the next few months, let me know. We can figure out what these do and how to fight them.
Jim Kotcon
articles@cnpapers.com 12/17/2010 7:01 AM >>>
jkotcon@wvu.edu sent you this article ----- December 16, 2010 $80M in bonds OK'd for power plants ( http://www.wvgazette.com/News/201012160888 ) By Eric Eyre ( about:contact/revprler+jitnmrggr+pbz+return=/News/201012160888 ) The Charleston Gazette P>CHARLESTON, W.Va. -- Appalachian Power received the go-ahead Thursday to issue up to $60 million in bonds that will help pay for landfill improvements and a scrubber on a power-generating unit at the John Amos Power Plant near Winfield.
T ... Read more ( http://www.wvgazette.com/News/201012160888 ) -----
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