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AAP
AAP
Business
Marty Silk

Qld power plant set for coal cap compo

Coal Rio Queensland Rio Tinto Gladstone
Taxpayers will foot the bill for a compensation claim by mining giant Rio Tinto. (Richard Wainwright/AAP PHOTOS) (AAP)

Taxpayers will fund compensation of up to $450 million for Rio Tinto to offset the impact of a coal price cap on its Gladstone Power Station in Queensland.

The federal government is negotiating coal price caps of $125 a tonne with Queensland and NSW, in a bid to put drive down household and business electricity bills.

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