November 10, 2015 2:40 pm

No public payout needed for coal-fired power shutdown in Alberta: study

WATCH ABOVE: With new federal emissions targets in place and an NDP government, Alberta’s days of coal could be coming to an end. Tom Vernon explains. (May 15, 2015.)

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EDMONTON — A new study questions demands from Alberta power generators for billions of dollars in compensation if the province shuts down coal-fired plants early as part of its climate change strategy.

The Pembina Institute, a clean energy think-tank, says deals the companies agreed to long ago give them plenty of time to recoup their investments without big payouts from taxpayers.

It suggests the public shouldn’t cover costs for coal-fired plants built after it was clear that climate change would affect government policy.

READ MORE: Phase out Alberta coal plants: doctors

Power generators have warned that requiring them to close coal-fired plants early could put the government on the hook for as much as $4.6 billion.

Report author Ben Thibault says those demands are blocking good climate policy.

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