Dynegy, a Texas-based energy giant, is pulling out all the stops in Illinois to keep uneconomic and dirty coal plants running.
Dynegy is Illinois’ largest producer of coal-fired electricity, but the falling prices of other power sources, including renewable energy, have hurt the company’s bottom line. Last year, Dynegy tried to ramrod customer-funded coal subsidies into the Future Energy Jobs Act at the last minute, but Environmental Defense Fund (EDF) and our allies successfully blocked that effort.
But, like the Hydra of Greek mythology, when we cut off one head, more appeared. The legendary Dynegy hasn’t given up on its quest for a coal bailout, and the company is tapping nearly every avenue of government along the way. Read More