New York City Comptroller William Thompson Jr. has urged the U.S. Treasury Department to review its policy toward the use of tax-exempt financing for the construction of new coal-fired power plants, the comptroller's office announced yesterday.

"Recent research shows that the risks make them poor candidates for federal support and problematic for investors," Thompson  said in a letter to Eric Solomon, Treasury assistant secretary for tax policy. "I firmly believe that an immediate review and timely action by the Treasury Department might spare the nation's taxpayers a series of expensive losses." 

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