UNIQUE FACTORS LIKELY CONTRIBUTED TO ILLINOIS POWER NSR SETTLEMENT

A newly announced Clean Air Act settlement between EPA, Illinois Power Company and its successor underscores the unique financial and legal pressures facing the company that may not apply in pending new source review (NSR) cases against other power plants, industry and other sources say. Among these unique factors is a recent sale of company assets where distribution of some of the sale funds was delayed because of unresolved environmental liabilities at generating facilities owned or once owned by the...