74°
Baton Rouge, Louisiana
3 Day Outlook
Thu
87°
67°
20%
Fri
86°
57°
20%
Sat
75°
51°
40%

Latest Weather Blog

Follow our weather team on social media

Group says planned port coal facility is bad idea

2 years ago Wednesday, November 14, 2012 9:19:44 AM CST November 14, 2012 Wednesday, November 14 2012 Nov 14, 2012 in News
Source: Associated Press

BATON ROUGE- A New Orleans-based consumer group has asked the State Bond Commission to postpone granting permission for a tax-exempt loan to help expand an Ascension Parish coal port facility.

The Bond Commission is scheduled to vote Thursday on $130 million in tax-exempt bonds that would help Impala Warehousing LLC, based in Houston, pay for improvements to ship coal, primarily to international markets, from a facility near Burnside.

The Alliance for Affordable Energy says the project likely would increase in the cost of electricity for customers of utility cooperatives. The Alliance cites a report by The Institute for Energy Economics & Financial Analysis that says market conditions have changed and that the global coal market can no longer support significant increases in U.S. coal export capacity.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
74°
66°
Thu
AM Clouds / PM Sun
87°
67°
Fri
Partly Cloudy
86°
57°
Sat
AM Showers
75°
51°
Sun
PM Showers
77°
64°