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Environment & Energy

Finishline42

(1,161 posts)

3. I wonder what part the breaching of the coal containment pond in East TN had on the coal industry?

Reply to hatrack (Original post)

Thu May 28, 2015, 07:24 AM

May 2015

I wonder what part the breaching of the coal containment pond in East TN had on the coal industry? TVA paid over $1 billion in the clean up effort that I don't think is anywhere near finished. I would guess that TVA had insurance on such an event?

There are over 400 such ponds in the US - each an unfunded liability - that until the Kingston TN breach was just theory on what the damage would be. Once the insurance industry had a known claim to base the risk on, premiums I'm sure skyrocketed.

Just another nail in the coffin of coal burning power plants.

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Highlight:

AXA CEO (Insurance): "A 2C World Might Be Insurable, A 4C World Certainly Would Not Be" [View all] hatrack May 2015 OP

I keep being reminded of KSR's "Fifty Degrees Below" phantom power May 2015 #1

Whilst every forward step is a positive ... Nihil May 2015 #2

I wonder what part the breaching of the coal containment pond in East TN had on the coal industry? Finishline42 May 2015 #3