This is an important development that
could be a precedent for
Anne Woiwode, State Director
Xcel to Disclose Global Warming Risks
By THE ASSOCIATED PRESS
Published: August 27, 2008
Coal plants can significantly contribute to climate change, Mr. Cuomo said “and investors have the right to know all the associated risks.”
Mr. Cuomo has been investigating Xcel, the AES Corporation, Dominion Resources, Dynegy and the Peabody Energy Corporation. On Wednesday, he said that the Xcel agreement would set a precedent. A Cuomo spokesman Alex Detrick said that negotiations were under way with the other four companies.
The Xcel president Richard C. Kelly said the company already reports on plant emissions and now will provide more detail.