The medical risks of JEA's current and proposed coal-fired power plants have already been heavily discussed on Mercury Falling. But what about the financial risks? As your read the below clip from today's issue of The Wall Street Journal, keep in mind that since JEA is city-owned, every resident of Jacksonville is, in essence, an "investor."
Cuomo Subpoenas Five Energy Firms
New York Attorney General Andrew Cuomo is investigating five energy companies to determine whether plans to create coal-fired power plants present an undisclosed financial risk to investors. Mr. Cuomo sent subpoenas seeking internal documents to AES Corp., Dominion Resources Inc., Dynegy Inc., Peabody Energy Corp., and Xcel Energy Inc. The attorney general's office suggested the companies could take a hit if federal lawmakers tighten controls on coal-fired plants, which emit carbon dioxide, among pollutants scientists have linked to global warming.