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!

MPCA Lauds Utilities For Cutting Mercury Emissions

By KYLE POTTER

MINNEAPOLIS (AP) â¿¿ Minnesota's coal-fired power plants have cut their mercury emissions in half over the last 15 years, the Minnesota Pollution Control Agency said Monday.

MPCA Commissioner John Linc Stine praised the state's utility companies for their cooperation, which has put Minnesota three years ahead of its plan to reduce mercury emissions by 90 percent. The Legislature set that goal with the Mercury Emissions Reduction Act of 2006.

Emissions are down statewide from about 1,850 pounds per year in the mid-1990s to 870 pounds today. The MPCA expects that to dip as low as 200 pounds per year by 2016. Mercury is a toxin released from utility plants, taconite production and consumer products. It accumulates in fish and is most harmful to children and pregnant women.

Stine and other state and industry officials highlighted the improvements at Xcel Energy Corp.'s Riverside Plant in Minneapolis, one of several that have drastically cut their mercury output.

"Minnesota's willingness to take responsibility for its own mercury has paved the way to a safer environment, both here and around the country," said Bill Grant, deputy commissioner of the Minnesota Department of Commerce.

Xcel and Minnesota Power â¿¿ two of the state's largest utilities â¿¿ have each spent hundreds of millions of dollars to cut emissions of mercury and other pollutants, representatives from the companies said. They spray a special carbon compound into exhaust vents to help filter out mercury. Xcel also converted its Riverside plant and another in St. Paul to run on natural gas rather than burn coal.

MPCA air assessment manager Frank Kohlasch said the two companies have already cut their mercury emissions by about 90 percent.

"We value environmental stewardship, and mercury is a key component of our work in that arena," said Margaret Hodnik, Minnesota Power's vice president of regulatory and legislative affairs. The company will complete its mercury reduction plan in 2016 when it retrofits another power generator in Cohasset, Minn.

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
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 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

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