ARTICLE · 03 APRIL 2008

Climate Risks And Opportunities In Power Financing: Imminent Or Already Upon Us?

Ballard Spahr Andrews & Ingersoll LLP

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In March, 2007, the Sierra Club and Kansas City Power & Light finalized a settlement allowing for the construction of an 850 MW coal plant. In exchange, KCP&L will add 400 MW of wind energy and reduce CO2 emissions 20% by 2020.

United StatesEnvironment

Thomas Hoffmann

Darin Lowder

The Rules And Risks Are Rapidly evolving for financing new power plants and acquisitions.

In March, 2007, the Sierra Club and Kansas City Power & Light (KCP&L) finalized a settlement allowing for the construction of an 850 MW coal plant. In exchange, KCP&L will add 400 MW of wind energy and reduce CO2 emissions 20% by 2020.
The first application to build a new U.S. nuclear power plant in 30 years has been filed with the U.S. Nuclear Regulatory Commission ("NRC"). The NRC expects to receive about 18 more applications by the end of 2008.
In 2006, installed wind capacity rose by 27% from the previous year, reflecting investments of $3.7 billion.

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