“Approximately 750 people, mostly Native Americans, work at the plant and Kayenta Mine that supplies it when the facilities are fully operational. The tribe also benefits from lease payments, coal royalties and myriad ancillary transactions, such as selling power to the mine.”
These alleged cost-savings are prospective and imaginary — so current management will not be held to account when they don’t materialize. Moreover, they depend on a non-existent price for CO2 as well as subsidy farming. There is no cheaper source of electricity than maintaining existing coal plants.
Talk is cheap (see below). The grid is reliable until it isn’t. Keep in mind that during the 2014 polar vortex, it was coal that saved the grid.
While electric utilities quietly support the rollback of the Clean Power Plan via rulemaking comments (see below), they loudly boast about abandoning coal as fast as they can. What’s really going on is that the Clean Power Plan rollback has become almost irrelevant to the future of coal. Utility promises to abandon coal far exceed in scope and timeframe what would be required under the CPP. Taking their comments at face value, the utilities quietly support the CPP rollback to preserve their options — i.e., so they back out of closing coal plants when their natural gas/wind/solar/battery storage plans inevitably fail.
Continue reading Do electric utilities really support rolling back the Clean Power Plan?
Brazil’s new president opposes the Paris Climate Hoax. German Chancellor Angela Merkel is stepping down in 2021. And French President Macron has a domestic approval rate of 26%. Why are US utilities trying to implement the pointless Paris Climate Hoax?
Pointless, politicized virtue signaling that just makes electricity more expensive.
Continue reading Virginia moves against coal to join Northeast cap-and-tax states
