Wednesday, April 15, 2009

Despite Furor, Most N.Y. Power Operators Seem at Peace With Greenhouse-Gas Limits


When Gov. David A. Paterson indicated last month that he might ease demands made on industry under New York’s plan to reduce greenhouse gas emissions, it was with companies like Indeck Energy Services in mind.

Indeck, which operates five power plants in the state, is chafing under the requirements of the Regional Greenhouse Gas Initiative, or RGGI, the 10-state pact to tackle global warming.

The initiative, Indeck officials say, is good for the environment but imposes an unfair burden on some power producers. They say the rules saddle the company with unrecoverable costs of $1.6 million a year to buy what are called allowances, which permit companies to pollute — in Indeck’s case, nearly half a million tons of carbon dioxide dioxide at its plant in Corinth, N.Y., in the Adirondack foothills.

See full Article.