PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Zoltan! who wrote (132898)	3/22/2001 5:17:39 PM
From: Roger A. Babb	Read Replies (1) of 769667

Zoltan, the price of natural gas is up because of the same misguided deregulation efforts that are driving up the cost of electricity. And the horrible policy of using natural gas to generate electricity instead of spending more capital to build clean coal technology. You would never sink the capital and the seven years or so necessary to build a coal plant under free market system, the huge discount rate used by a market company would discount away any benefit from a project that consumes capital for seven years before returning revenue. Such large projects will be built only under a long term contract with fixed returns. With the 20 to 40% discount rates now in vogue, the quick-build but high operating cost gas-fired combustion turbine will always win out.

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