EPA, Legal Battle Shut Down Power Plant
One of the largest U.S. electricity producers will stop burning coal at two of its power plants under a legal settlement reached with the EPA, eight states and several environmental groups.
American Electric Power agreed in federal court in Columbus, Ohio, to retire or switch to natural gas two coal-burning units at power plants in Ohio and Indiana by the end of 2015.
In exchange, AEP changed the conditions of an earlier court settlement and will use equipment at another Indiana power plant that will not reduce sulfur dioxide as much.
Cheap natural gas and environmental regulations are causing utilities to shut down coal-fired power plants. AEP had previously planned to stop coal at one unit.
Environmentalists say the deal will ensure the company doesn't change its mind.