WASHINGTON — Rep. Dennis Kucinich has asked the Treasury Department to investigate whether it was appropriate to use Build America Bonds to help finance construction of a coal-fired power plant in Illinois that has experienced cost overruns and operational problems.

In a three-page letter to Treasury officials, the Democrat from Ohio said that while BABs were intended to broaden the financing options of state and local governments during the recession, “it appears ... in this case, the benefit of the subsidy provided by the [BABs] has largely gone to a private, multinational energy firm. Meanwhile, electric utility rate-paying communities in Ohio and seven other states have been saddled with substantial debt to pay for an increasingly expensive project that is of marginal value to them.”

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