
Private Equity Owns America's Deadliest Coal Plant, And It's Affecting Your Air Quality | Bonus Episode
The Moment LIVE! Politics & Culture, ExplainedShow Notes
This is a special bonus episode of The Moment LIVE, made possible by Ground Crew by TED Countdown.
The Gavin coal plant in Cheshire, Ohio is private equity backed, one of the largest coal plants in the United States, and according to a 2023 Sierra Club analysis, the deadliest coal plant in the country — responsible for over 200 deaths per year, with air quality impacts reaching as far as New York, North Carolina, Virginia, and Florida. Most people have never heard of it.
Meredith and Rebecca break down what private equity actually is, how it ended up owning a coal plant in a town of 120 people, and why you are almost certainly being affected by the Gavin plant without knowing it. Then, Neil Waggoner, Beyond Coal campaign manager for the Sierra Club, joins to explain what happened to Cheshire after AEP bought the town for $20 million rather than address its pollution, what private equity's ownership means for the plant's future, the data centers now being proposed nearby, and what it would actually take to transition this community to clean energy.
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00:00 Private Equity Owns America's Deadliest Coal Plant: A Special Bonus Episode of The Moment LIVE
02:08 What Is Private Equity? Leveraged Buyouts and the Cost-Cutting Playbook Explained
06:47 Private Equity in Healthcare: What Happened to Steward Health Care
11:36 Private Equity & Fossil Fuels: How the Gavin Coal Plant Got Here
16:52 Neil Waggoner Joins: Sierra Club on Cheshire, Ohio & the Gavin Plant
21:05 The History of Cheshire, Ohio: AEP Bought the Town for $20 Million
26:23 Coal Ash, Accountability & What the Community Is Living With
32:42 AI Data Centers Near Gavin & the Future of Energy in Ohio
37:45 Political Neglect, Ohio's Missing Lawmakers & Who's Fighting for Cheshire
42:21 What Needs to Happen Next: Final Thoughts on Gavin & Private Equity Learn more about your ad choices. Visit megaphone.fm/adchoices
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