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Thursday, July 11, 2013

Short Term The War On Coal Is Being Won By O'Bama, EPA -- But We're In The Early Innings

I assume a lot of these union coal miners voted for President O'Bama. Twice. 

Reuters is reporting:
American Electric Power Co Inc said Thursday it expects to retire its 585-megawatt (MW) Unit 5 at the Muskingum River coal plant in Ohio in 2015 due to the high cost of complying with environmental rules and low power and natural gas prices.
AEP said in a release it reached an agreement with other parties in February to modify a 2007 deal to give AEP the option to retire Muskingum 5 or refuel it with natural gas.
But due to the cost of compliance with environmental regulations and current market conditions, AEP said it is now unlikely to make the capital investment to refuel the unit.
Since President Barack Obama took office in 2009, about 15,000 MW of coal-fired power plants have closed as low electricity and natural gas prices have made it uneconomical for generating companies to upgrade those facilities to keep up with the government's stricter environmental rules.
Those generating companies have also announced plans to shut more than 37,000 MW of coal-fired units over the next 10 years or so.
Ohio is a red state according to The Daily Caller though wiki calls Ohio a purple state. 

The world's largest off-share wind farm, the London Array, has about the same nameplate capacity as this soon-to-be-mothballed power plant.

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