Midwest Generation — which recently closed its two Chicago coal plants and operates four others in Illinois — continues to lose money and could see its parent company Edison Mission Energy file for Chapter 11 bankruptcy, according to Edison International’s third quarter earnings conference call on Thursday.
Chicago’s two coal plants will close earlier than expected, according to a May 2 announcement by the company Midwest Generation, with both plants closing this fall.
Photo by Rainforest Action Network via Creative Commons
Two months after the parent company of Midwest Generation told investors it may shut down all its coal plants in Illinois, a new study by the Sierra Club says the plants aren’t necessary for grid reliability, and won’t be profitable to run under new pollution rules.
Wisconsin is the first state in the region to apply statewide siting standards to small wind farms, potentially eliminating messy fights over county-level regulation. Will other states follow suit?
Photo by markellis_1964 via Creative Commons