Consumers to Pick Up $7-$12 Billion Tab to Retrofit ‘Dirty’ Coal-Fired Electric Plants by 2003

A new study by Fuld & Company, a research and consulting firm in Cambridge, Massachusetts, concludes that an Environmental Protection Agency (EPA) ruling requiring State Implementation Plans (SIPs) by the end of this year will result in power plants rushing to install expensive technology, because there will be no time to explore and test more cost effective remedies that could be implemented in phases.

By Ann de Rouffignac

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