As of Tuesday, January 31, 2012
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Per your article "Plant Washington project in quesition after EMC drops its support," Snapping Shoals EMC is the largest remaining investor on record in a coal plant that is likely to cost more than $2 billion. As a Snapping Shoals EMC member this makes me (and my bank account), very nervous. In the past Cobb EMC was by far the largest investor in Plant Washington. Now that they have pulled out how much will be passed along to Snapping Shoals members? Who will continue to pay the lawyer fees etc. of the company that is fighting for permits?
The simplest solution for the Snapping Shoals Board would be to follow Cobb's lead and stop sending money to a coal plant developer who may never be able to deliver. The plant was proposed over four years ago and much has changed in the interim. Smart members and board members would be wise to ask if there is a simpler and cheaper solution to our energy needs.
I urge the Snapping Shoals EMC board to follow Cobb's lead and stop any further funding of Plant Washington.