Range power boondoggle, despite 80 percent backing from feds, remains likely to fail

I’ve written and blogged plenty about the Mesaba Energy Project (notably here, and most recently here). This boondoggle proposal is built on a foundation of lofty economic and environmental promises that can’t be fulfilled without a realignment of the universe. So I’ll just point out this interesting MPR story from last week that shows the financial hurdles this coal burner will face and gently remind readers to tell their legislators that this project should receive no further special treatment.

Project opponents have criticized the Kelliher MPR piece as a puff piece for the company, but I still think it shows the immense difficulty Excelsior Energy will face in actually doing what they say they’re going to do. Nevertheless, we should all be appalled that the government is underwriting 80 percent of $2 billion start up company that consists entirely of lobbyists and coal power insiders.

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