(Des Moines)– Interstate Power and Light is canceling plans for a $1.8 billion coal-fired power plant in Marshalltown, citing the economy and uncertainty over legislative and regulatory issues.
The utility made the announcement this (Thursday) morning. Spokesman Ryan Steensland says the project won’t be resurrected even if the economy improves.
Steensland says IPL will continue developing new energy sources, including construction of a wind farm in northern Iowa.
The power plant would have been capable of generating 630 megawatts–enough to power 472,000 homes and businesses.
(Story from the Associated Press.).
