The following article was originally published in the Ohio Capital Journal and published on News5Cleveland.com under a content-sharing agreement.
The Federal Energy Regulatory Commission has approved the sale of a coal-fired electricity generator along the Ohio River. The plant is said to be one of the dirtiest in the United States, and its sale from one private equity group to another is raising concerns among environmentalists that its operations won’t become any cleaner.
The groups are heavily invested in the dirtiest forms of power generation and they spent heavily in the last election cycle. That’s raising fears among environmental groups that they’re pushing to roll back regulations in order to make their investments more valuable.
The energy regulatory commission, or FERC,