This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Reid Wants Closure Of Coal Power Plant Near Vegas

The Nevada Public Utilities Commission is reviewing the plant's lifespan plan, and the federal Environmental Protection Agency is also considering modifications to its regional particulate emissions rules.

"We operate the Reid Gardner Generating Station in the best interests of our customers, in compliance with all federal and state laws, and in an environmentally responsible manner," the company statement said.

The plant is named for a former energy company employee not related to the senator.

Reid said he believes that despite technological upgrades by the company, the plant pollutes the air, and runoff from coal ash fouls water in the nearby Muddy River, which flows to the Colorado River and the Lake Mead reservoir behind Hoover Dam.

NV Energy spokesman Mark Severts denied that any water from the power plant site makes its way into the Muddy River.

Moapa Paiute Tribal Chairman William Anderson said members of the 320-person tribe and their families complain of respiratory and health problems.

"People more and more are dying every other month," he said. "We have to do something about it."

Local, state and federal health agencies haven't verified the tribe's complaints because sample sizes of health studies are small.

Reid said he expected NV Energy would warn of rate increases if the plant closes.

"There will be a hue and cry," he predicted. "'You can't do that.' 'It will increase your power bill.'"

"But it won't," he said. "They know that."

Bill Corcoran, regional director of the Sierra Club's "Beyond Coal" campaign, told reporters his organization recently submitted to the Nevada Plant a report that found closing the plant would save $59 million for the company and its ratepayers.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs