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Peabody says SEC investigating power plant project

Published on NewsOK Modified: February 26, 2013 at 2:41 pm •  Published: February 26, 2013
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The project began more than a decade ago, but it was dogged by construction snags and escalating costs. Peabody owns roughly 5 percent of the campus, which the company developed with a consortium of other public power cooperatives in various states. The plant now serves 2.5 million households from Missouri to West Virginia.

Before construction began in October 2007, then-Illinois Gov. Rod Blagojevich called the effort the biggest private capital project ever planned for southern Illinois and hailed it as a milestone in helping revive Illinois' ailing coal fields, which in previous decades were overlooked in favor of cleaner burning Western coal.

Environmental and public health groups have argued that the plant would pose a health risk and diminish visibility in southeast Missouri's Mingo National Wildlife Refuge by releasing sulfur dioxide, mercury and other pollutants.