Look Under Rocks for Danger (Part 1)
Municipal light plants provide reliable, low-cost electricity. The current proposal to install a third, 55 MW, fossil fuel power generation facility in Peabody threatens reliability, cost, public health, the environment, and our climate. The 300,000 ratepayers in the 14 municipalities comprising the generator consortium are investors whose money and health are at risk. A prudent investor will do careful due diligence—look under the rocks for the risks. Although in the past, considerations of profit and loss ruled investment decisions, we must now have a broader vision. From today, our vision must include public health, the environment, and the climate crisis.