The Argus Leader is reporting that Basin Electric has put its plans to build a coal-fired power plant near Selby on hold. Basin cites economic uncertainty and regulatory issues as its reasons to delay the project.
I would not be surprised to hear similar stories regarding Big Stone II and the Hyperion refinery in the near future. With Obama’s EPA, and the pending passage of Cap and Trade it’s going to become either too expensive, or outright illegal to be in the CO2-producing business.
Each of these projects provide an opportunity for economic development here in “Rural America.” Unfortunately, our government would rather put up hurdles to development rather than remove them.