Under a state law called the Martin Act, New York’s Attorney General subpoenaed Xcel and four other utilities for more information on their disclosures to investors. Xcel Energy has become the first utility to agree to disclose more detailed information to its investors about the financial risks of future CO2 regulations. The measure reiterates what clean-energy and economic experts have been saying all along—coal plants are no longer the cheapest option. For more information, view the Pioneer Press article from which the information was gathered.
Trackback URL for this post:
http://www.reamp.org/trackback/4279