Posts Tagged "Coal-fired Power"

“Donald Trump has used the phrase ‘clean coal’ probably a thousand times, and it doesn’t exist in the real world right now.”

– Billionaire Tom Steyer in an interview on Bloomberg TV

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“None of our people are ever going to be building a coal plant again. It’s devoid of reality.”

– an unidentified utility executive reacting to meetings between power sector leaders and EPA Administrator Scott Pruitt about the future of the Clean Power Plan and utilities’ desire to see some sort of carbon regulation rather than having the Trump Administration simply erase the CPP.

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“Because of the low natural gas prices and expanded renewable generating capacity, wholesale electric market prices over recent years have frequently been too low to merit economic dispatch of coal generating capacity.”

–  From the 20-year integrated resource plan filed by Boise, Idaho-based Idaho Power with the state’s Public Utilities Commission. The utility’s plans include retiring its shares in at least three coal-burning power plants throughout the West.

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“Coal is now largely irrelevant in New England.”

– Gordon van Welie, president and CEO of ISO New England in a story about grid reliability remaining stable even as coal continues to fall off as a baseload electricity generating resource.

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The Mississippi Pubic Service Commission requests a “solution that eliminates ratepayer risk for unproven technology and assures no rate increase.”

– Mississippi Public Service Commission in a news release directed at Southern Co. subsidiary Mississippi Power, in which it gave the utility 45 days to abandon its beleaguered and massively over-budget seven-year, $7.5 billion effort to construct a carbon-capture-and-storage coal-burning power plant.

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“Coal’s competitive advantage is fast evaporating. It cannot compete with renewables on cost, and storage and smart management of the grid have made the need for new baseload redundant. Coal is yesterday’s technology – the only thing new coal has going for it is inertia.”

– Kobad Bhavnagri, the lead author of Bloomberg New Energy Finance’s New Energy Outlook 2017 in Asia-Pacific report.

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“I’ve not spoken to a single utility that’s truly holding on to a future of more coal.”

– Brian Janous, who directs energy strategy at Microsoft, quoted in a story about the effect that Fortune 500 companies are having on the electricity sector as they commit to running their businesses on 100 percent renewable energy and pressure utilities to provide them the sources to do so.

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“When [coal-fired power plants] are only running at 50 percent, the math just doesn’t pencil out. The business plans that justified them no longer exist, so they are just not profitable in current conditions.”

– Rob Godby, director of the Center for Energy Economics and Public Policy at the University of Wyoming, explaining how coal is being forced out of energy markets across the country, especially in the East, where cheaper energy like wind and hydro, always sell first on the open market.

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