WEDNESDAY, MAY 14, 2008
THE BLOG OF THE RAINFOREST ACTION NETWORK

Dynegy CEO Admits Uphill Battle on Coal Fired Powerplants

More from today's Dynegy shareholder's meeting in Houston today. CEO Bruce Williamson, a finalist for Fossil Fool of the Year, told his company's shareholders "that only a few of the proposed coal-fired power plants in the United States will be built due to soaring costs and financing hurdles." He said that only plants that have "already started construction, have an EPC (engineering, procurement and construction) contract or equipment committed to them,"" Pretty big news. That sounds like we're winning. Does mean that King Coal is going to pack up and call it a day? Not bloody likely. Sooner or later they will initiate the backlash. Keep up the pressure. coal

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