So ridiculous: “But while closing coal plants early could save money, it would result in capacity shortfalls. Pacificorp sees addressing that challenge as a next step in the process and industry analysts have a number of ideas on how to do so, such as securitization.” And of course, closing coal plants doesn’t save money. Existing coal is always cheaper than any other new generation.
Is a colder world better than a warmer world? The National Climate Assessment thinks so. But BURN MORE COAL doesn’t. And but for the coal plants on the East Coast, electricity wouldn’t have been available to keep people warm on Thanksgiving Day. Coal kept electricity rates stable even as natural prices soared and life went on in the bitter cold.
Source: Newsweek.com
The world will need all the affordable and reliable fuel for electricity generation it can lay its hands on. That means burning a lot more coal on a global basis. This is one reason why we are asking Duke Energy management what it thinks it is accomplishing by shuttering Duke’s 14 coal plants.
