King Coal is a has-been
Take it from Charles Patton,
Appalachian Power president: Coal isn’t coming back, even if the Obama Clean
Power Plan is discarded.
It’s economics:
The cost of natural gas electricity, including construction of
power plants and infrastructure, is about $73 per megawatt hour. For a
conventional coal plant, it’s $95 per megawatt hour.
That means it isn’t economically feasible to build new
coal-powered plants, no matter what regulators decide. And all the huffing and
puffing are for naught.
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