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Leucadia
Quick Hit
by Matthew Blake
5:50pm
Tue Aug 14, 2012

Murky Future For Illinois Coal Projects

Gov. Pat Quinn used his veto pen Friday to scotch a coal gasification plant on the Southeast Side of Chicago. Environmental advocates hailed the move, but also warned that New York City-based Leucadia National Corporation would return to Springfield with a revised proposal.

And that may be the case. But energy companies have not yet figured out how to make 'clean coal' or 'coal to gas' projects both economically and environmentally appealing to Quinn and state lawmakers. Read more »

Quick Hit
by Progress Illinois
11:47am
Mon Aug 13, 2012

Op-Ed: Quinn Vetoes Leucadia's Rate Hike - The End of Springfield's Coal Plant Bailouts?

The following was written by Jack Darin of the Sierra Club, Illinois Chapter. 

Friday Governor Quinn took bold action to protect Illinois ratepayers from a gas rate hike to subsidize the coal-to-gas plant proposed by New York-based Leucadia National Corporation. The proposal has come under fire from community residents concerned about the millions of pounds of air pollution Leucadia could add to Illinois’ air. Strong opposition has also come from businesses, consumer groups, school advocates, and others who don’t want to be forced to pay, through their gas bills, for Leucadia’s overpriced gas.

Leucadia’s gamble could cost Illinois $8.7 billion over the 30 years that ratepayers would be compelled to underwrite it.

Read more »

PI Original
by Brandon Campbell
11:43am
Fri Jul 20, 2012

South Siders Divided On Leucadia Power Plant (VIDEO)

Plans for a new power plant to be built on the city’s Southeast Side have area residents divided on two key issues. Put simply, the argument comes down to employment versus environment.