EPA rules threaten older power plants
More than 32 mostly coal-fired power plants in a dozen states will be forced to shut down, and an additional 36 might have to close because of new federal air-pollution regulations, according to an Associated Press survey.
Together, those plants — some of the oldest and dirtiest in the country — produce enough electricity for more than 22 million households, the AP survey found. But their demise probably won’t cause homes to go dark.
The fallout will be most acute for the towns where power plant smokestacks long have cast a shadow. Tax revenues and jobs will be lost, and investments in new power plants and pollution controls probably will raise electric bills.
Economic recovery slow for nonprofits
As the first signs of an economic recovery make the news, many of the nation’s nonprofit organizations are digging in for another three to four years of financial distress, according to researchers who keep an eye on the charitable world.
Some larger nonprofits are seeing donations start to rise again, but most report their income is holding steady at lower, post- recession levels or is still going down, according to a new study from the Nonprofit Research Collaborative.
The collaborative found 59 percent of nonprofits report their donation income is flat or lower than in 2010, which was another down year for most charities. Among those that receive some government dollars, more than half are reporting a decline in income for the year.
From wire reports
Selected local stocks
Aqua America, .66, 21.57 +0.06
Clear Channel, .65 60.57 +0.44
Cortland Bancorp, 7.000.00
Farmers Nat.4.50 —0.23
First Energy, 2.20, 43.43—0.88
FirstMerit Corp., .64,14.59 +0.28
First Niles Financial, .32,7.98+1.28
First Place Fin., 0.46—0.08
FNB Corp., .48,10.96+0.12
General Electric, .60,17.01+0.22
Motors Liquidation, 0.04220.00
Huntington Bank, .16, 5.09+0.01
JP Morgan Chase, 1.00,31.89+0.13
Key Corp, .12,7.18+0.06
LaFarge, 8.21 —0.01
Macy’s, .40, 31.03—0.44
Parker Hannifin, 1.48, 75.02—0.66
RTI Intl. Metals,22.18+0.43
Simon Prop. Grp.,3.20,123.34+1.09
Stoneridge 8.75 +0.13
United Community Fin. 1.09—0.10
Selected prices at 4 p.m. Thursday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.