“It’s a huge philosophical change in how we’re running the generating plant,” Hartman said.
Should LMU be successful in these pursuits, Hartman said it would all lead to about $2 million in ratepayer savings. He said he would have a better estimation on how it will affect individual bills in the future if and when a deal goes through.
Hartman said he will be updating the Utility Service Board at a meeting later this month and in November as far as negotiations are going.
Last month, the U.S. Environmental Protection Agency released a proposal in line with President Barack Obama’s Climate Action Plan to cut carbon pollution that would require all new power plants to adhere to stricter carbon dioxide emission limits.
A press release on the EPA’s website states its intention to propose standards for existing power plants by June 2014.
City officials have said tighter restrictions will force LMU’s generating plant to close. This expected closing and LMU’s attempt to improve the economic viability of its generating plant joins the timing of city officials’ efforts to secure a new generating plant in the city that would run on refuse-derived fuel. Officials estimate this plant, if approved by Logansport City Council, will be completed in 2017. LMU’s current coal-powered plant is expected to close in 2018.
Mitchell Kirk is a staff reporter at the Pharos-Tribune. He can be reached at 574-732-5130 or firstname.lastname@example.org. Follow him: @PharosMAK