Posts Tagged "Coal-fired Power"

 “The future for coal in the United States? There is no future.”

– Former Duke Energy CEO and Chairman Jim Rogers, speaking at the release of a new report calling coal’s decline one of the most “spectacular market collapses in equity history.” The combined market value of the four largest U.S. coal companies fell from $33 billion to $150 million in five short years.

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“Responsible policymakers should be honest about what’s going on in the U.S. coal sector – including the causes of coal’s decline and unlikeliness of its resurgence – rather than offer false hope that the glory days can be revived.”

– From an analysis examining the prospects for a recovery of U.S. coal production and employment, which concludes that President Trump’s efforts to roll back environmental regulations are unlikely to materially improve economic conditions in America’s coal communities.

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“At the end of the day, West Virginia may not require us to be clean, but our customers are. So if we want to bring in those jobs – and those are good jobs, those are good-paying jobs … we have to be mindful of what our customers want.”

– Chris Beam, the new president of Appalachian Power, on historic changes in the electric power industry and why his company is not planning to build any more coal-burning power plants, choosing instead to emphasize cleaner sources of power.

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“Our statutory duty is to produce electricity at the lowest feasible rate. … We weren’t trying to comply with the Clean Power Plan or anything else. What’s the cheapest way to serve the customer? It turned out to be retiring those coal plants.”

– Tennessee Valley Authority CEO Bill Johnson on how little Donald Trump’s pro-coal policies are likely to affect his utility’s plans. TVA is on track to retire five of its original 11 coal-fired power plants by the end of 2018.

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“Market forces are driving a rapid evolution of energy resources, and the current data clearly supports the replacement of the coal in our portfolio with an energy mix that includes more renewables and natural gas as the best, most economical path to a strong energy future for New Mexico.”

– Public Service of New Mexico President and CEO Pat Vincent-Collawn in a statement regarding the utility’s integrated resource plan, which calls for completely shutting down one of its two biggest coal-fired power plants by 2022 and exiting from coal completely by 2031.

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“[T]he world is moving beyond coal, just as we moved past horses and buggies, landline telephones and cigarettes.”

– From commentary by Danny Kennedy pointing out the huge inconsistencies between President Trump’s energy policies and the direction of energy markets.

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“Page [Arizona] is ready for a change. … We really have the ability here to capitalize on how beautiful the area is, and the only black eye on this beauty for a long, long time has been that power plant.”

– Twist Thompson, the owner of three restaurants in Page, in reaction to news that owners of the Navajo Generating Station, the largest coal-burning power plant in the West, plan to shut down the plant no later than 2019.

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