News Brief
Credit Crunch Trickles to Power Industry
The credit crunch is also putting the hurt on the nation's power brokers. The Associated Press' Matthew Brown details just how tight the squeeze is.
By Courtney Lowery, 11-17-08
The Associated Press’ Matthew Brown today details how the credit crunch is squeezing the nation’s power industry, focusing on a hot-button coal-fired plant near Great Falls, Montana.
Brown reports:
If credit woes put the brakes on scores of proposed plants, observers say a shift to other, more expensive fuels could end up soaking customers. The alternative is more frequent and potentially extended outages.
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Comments
I just wonder, when rates go through the roof, if MEIC's team will lead the screaming about price-gouging.