WASHINGTON, DC – Senator Dan Coats (R-Ind.) issued a statement regarding today’s announcement today by American Electric Power (AEP) that it will close the entire Tanners Creek coal power plant in Lawrenceburg, Indiana as a result of a series of costly Environmental Protection Agency (EPA) regulations. AEP reported that 115 jobs will be affected by the closure.
“It’s ironic that the president gave a speech this week touting his economic policies when companies across the country are cutting jobs due to his administration’s unreasonable rules and regulations. The closure of the Tanners Creek power plant is another unfortunate casualty of the administration’s inflexible regulatory machine. This power plant has provided Hoosiers with good jobs and some of the most affordable, reliable electricity in the nation.
“I have led bipartisan efforts to pass legislation that would have allowed many power plants additional time to install the equipment needed to comply with new regulations. I will continue to fight in the Senate to bring reason and common sense to this regulatory spree.
“This administration needs to practice what it preaches when it comes to job growth. The president cannot allow the out-of-control EPA to eliminate jobs and hit Hoosier families with higher electric bills while telling Americans that he is serious about growing the economy.”
Nearly 90 percent of Indiana’s energy is generated from coal, including power plants like Tanners Creek. All four generating units at Tanners Creek will be retired by mid-2015. AEP is one of the nation’s largest generators of electricity, owning nearly 38,000 megawatts of the country’s generating capacity....