Alliant says no more coal plants ... for now and no nukes

Friday, May 21, 2010

From an article by Judy Newman in the Wisconsin State Journal:

Alliant Energy is giving up on the idea of building more coal-fired power plants "for the time being," Alliant chairman, president and chief executive Bill Harvey said Thursday.

In an interview after the Madison utility holding company's annual shareholders meeting, Harvey said Alliant subsidiary Wisconsin Power & Light will not ask for a new coal-fueled power plant to replace one proposed for Cassville that state regulators rejected in late 2008.

"I think it's politically ... too risky to think about building coal plants until climate legislation gets in place," Harvey said. "There's got to be substantial technological improvements before the country returns to building coal plants. That's certainly true for us," he said.

Thanks to adequate power available to buy on the electric transmission grid, Harvey said it will likely be two or three years before Alliant proposes building another natural-gas-fired power plant. That could happen sooner, though, if the economy recovers quickly or if climate change rules force the company to abandon its older coal-fired power plants sooner than expected.

As for nuclear power, Harvey said Alliant is not big enough to consider spending up to $10 billion to build a nuclear plant but it might buy part of a new one, if one is built. "We have to consider that. We have to consider all possibilities," he said.