7,060
edits
Changes
Jump to navigation
Jump to search
m
SW: typo
In May 2008, KCP&L released new cost estimates for plant, raising the cost 15 percent to almost $2 billion, and indicated it may increase the estimate again after the engineering analysis is complete. KCP&L expects to raise customers' electric rates by over 25 percent to cover costs of the new plant.<ref name="sierra"/>
In October 2008, the plant was turned away by the Rural Utilities Service when the agency issued a moratorium on new loans to coal-fired power plants. However, the plant received alternative alternate financing from the National Rural Utilities Cooperative Finance Corporation (CFC) at 2 percentage points higher than the original RUS loan.<ref>[http://www.greatfallstribune.com/apps/pbcs.dll/article?AID=/20081019/NEWS01/810190308/-1/NEWSFRONT2 "Loss of federal loan fails to derail four other coal-fired power plants,"] ''Great Falls Tribune,'' October 19, 2008.</ref>
==Project Details==
