This Day On The Street
Continue to site
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

EPA To Finalize Pollution Controls At Ariz. Plants

FLAGSTAFF, Ariz. (AP) â¿¿ The U.S. Environmental Protection Agency is facing a deadline to issue a final decision for controlling emissions from three Arizona power plants that it contends have impaired visibility at places like the Grand Canyon.

The agency had proposed approving Arizona's air quality plan to reduce sulfur dioxide and soot at the Cholla, Coronado and Apache generating stations. But the EPA indicated earlier this year that the state's plan to lower nitrogen oxide emissions didn't go far enough.

Instead of low nitrogen-oxide burners, the EPA had proposed that some of the older units at the plants be equipped with selective catalytic reduction technology to keep 17,000 tons nitrogen oxide from being released into the air and causing regional haze and visibility issues at 18 national parks and wilderness areas.

Environmentalists had praised the proposal.

Thursday marks the deadline for the agency to announce its decision.

The state and the plants' operators have said that the EPA's proposal issued earlier this year would cost hundreds of millions of dollars with negligible improvement to air quality.

"We're in favor of making sure our plant has state-of-the-art equipment," said Damon Gross, a spokesman for Arizona Public Service, which operates the 1,027-megawatt Cholla Power Plant near St. Johns. "The question becomes, what is the benefit you're getting versus the cost of what customers are going to assume because of that."

EPA's proposal would mean a $436 million investment among Cholla's owners, which Gross said would be passed on to ratepayers. The bill for residential users would go up nearly $19 a year, while small business customers would pay almost $32 more annually, he said.

The Salt River Project, which owns and operates the Coronado Generating Station near Holbrook, said it would be on the hook for another $119 million under the EPA's proposal. Kelly Barr, the senior director of environmental management policy and compliance for SRP, said that would be on top of a $500 million investment that partly came out of a previous consent decree with the EPA for upgrades.

1 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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs