The main buyer of a dirty coal byproduct sold by one of Sen. Joe Manchin's companies won't be using it to mine bitcoin anytime soon.
, noting that the proposed $200 million buyout price was too high. The reasoning, the PSC said, is that the region is already facing a power shortage. Despite the high costs its power poses to consumers, buying Grant Town out of its contract could force the plant to close, the PSC said. Even if the plant stayed open, the buyout may force consumers to pay for any extra capacity utilities may have to bring online to replace that power.
It remains to be seen what will happen with Grant Town. But it seems to be headed into a pre-bankruptcy twilight that hit many coal-fired power plants, unable to turn to other sources for possible funding, burning dirty, expensive fuel that it remains tied to, and raising rates for customers in the area. Meanwhile, Manchin seems poised to continue to profit off of coal while
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