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Coal-Fired Generation Under Attack--Can Future Demand Be Met Without "Old Faithful"?
SUGAR LAND--October 14, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--During the past few years, the United States Power Industry has experienced both the rebirth and vanishing of the development of new coal-fired generating capacity. It seems like yesterday that Industrial Info Resources was tracking 200 new units and more than 85,000 megawatts (MW) that were proposed to be built across the country. Over time, the continuously escalating costs to build new power plants coupled with looming carbon legislation on the horizon led to a quick end of the coal-fired renaissance, before it actually got started. For the past few months, costs have stabilized, but the uncertainty about future environmental regulations lingers. Since the beginning of 2007, 84 projects and $68 billion of new coal-fired generation capacity has been confirmed as cancelled or placed on indefinite hold.
Companies featured: Duke Energy Incorporated (NYSE:DUK), Dominion Resources Incorporated (NYSE:D), Southern Company (NYSE:SO)
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Industry Segment: Power
Word Count: 1146 Words
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