Coal-Bound Utilities Predict Blackouts After Climate Pact
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Chief executives of the biggest coal-burning utilities in the U.S. predict blackouts and rising power bills if they’re not given more time to achieve greenhouse-gas emission cuts that underpin the government’s climate pact with China.
“I don’t think we have the ability to maintain a reliable system” by doing what the government proposes, Southern Co. Chief Executive Officer Thomas Fanning said in an interview yesterday.