At 8:30 this morning Alliant Energy, a subsidiary of Interstate Power and Light, announced its plans to abandon construction of a 649 MW coal plant in Marshalltown, Iowa. The decision comes only 6 days after the Iowa Department of Natural Resources (DNR) agreed to extend the public comment period from 30 to 90 days and add 5 public meetings after receiving hundreds of emails, postcards and letters from people throughout the state in response to a call for action from groups including the Sierra Club, Iowa Interfaith Power & Light, and Iowa Global Warming. The extension of the comment period forced Alliant to confront the economic reality that this coal plant just is not a good investment.
The Marshalltown plant was the last remaining proposed coal plant in Iowa. In early January, LS Power/Dynegy decided to discontinue efforts to build a new coal plant in Waterloo.
In early 2007, Interstate Power and Light spokesman Scott Drzycimski announced a plan to construct a 600 MW coal-fired plant outside of Marshalltown, IA. The project was to be headed by Alliant Energy, one of IPL’s subsidiaries, and would create 65 permanent jobs and 1,000 temporary ones over the span of its construction. Alliant’s announcement today cited the current economic climate, a recent ratemaking decision by the Iowa Utilities Board, and impending federal future greenhouse gas regulations.
Continue reading ‘Another One Bites The Dust: Coal Victory in Iowa!’