Lakeland Electric will pay $950,000 to CSX for coal penalty

(Source: Lakeland Ledger, February 20, 2013)

LAKELAND, Fla. Lakeland Electric will pay a $950,000 penalty to CSX because the amount of coal the utility had transported to the McIntosh Power Plant in 2012 fell short of its contractual obligation to the railroad company.

In the end, the utility and its customers were better off paying the fine than burning the required amount of coal because it was less costly to use generators powered by natural gas, utility officials said.

Full story: Lakeland Ledger

Thursday, February 21, 2013
bentley@ble-t.org

http://www.ble-t.org/pr/news/headline.asp?id=36475

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