Judge allows coal plant to move forward

By Associated Press

The agreement is between Golden Valley Electric Association, the state of Alaska and federal regulators.

The Fairbanks Daily News-Miner (http://is.gd/bkhQ2C) — citing a GVEA news release — says that U.S. District Court Judge Ralph Beistline approved the agreement on Monday.

GVEA interim President and CEO Cory Borgeson says the proposal to provide Interior Alaskans with a reliable and long-term lower cost power supply is moving forward.

The $300 million plant, built with substantial federal investment, operated sporadically in the late 1990s and closed in 2000 after a spotty record of reliability and safety concerns.

This article appears in the November Issue 3 2012 issue of Alaska Journal of Commerce

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