It hasn't made big news yet outside of specialty publications such as Bond Buyer. But a call this week by New York City Comptroller William C. Thompson could cast a new cloud over a half-dozen or more planned new coal-fired electric power plants. Thompson called on the U.S. Treasury Department to investigate the practice of using tax-free bonds to finance new coal plants. In the letter, online at http://www.comptroller.nyc.gov, Thompson pointed to recent research which found that coal plants were poor candidates for federal financing and problematic for investors. There are at least a half-dozen planned new power plants that …
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