The President of Georgia Power tells Fox News that federal regulations are the culprit behind the company laying off nearly five-hundred of its employees.
Tough federal emissions standards are being blamed for the closure of 15 coal-fired plants and the loss of nearly 480 jobs in Georgia.
Georgia Power plans to close the power plants, cutting its grid capacity by more than 15 percent, in a move the utility said was necessary to comply with federal regulations aimed at reducing air pollution.
“We recognize the significant impact that these retirements will have on the local communities and we took that into account when making these decisions,” said Georgia Power President and CEO Paul Bowers. “These decisions were made after extensive analysis and are necessary in order for us to maintain our commitment to provide the most reliable and affordable electricity to our customers.”