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Technology Stocks : American Superconductor (AMSC)
AMSC 36.53+4.9%Nov 6 3:59 PM EST
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From: David C. Burns11/13/2012 5:07:01 PM
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59 GW of Coal-Fired Generation Capacity Should Retire; Could Open Door for Renewable Energy

Today, the Union of Concerned Scientists (UCS) released the findings of an economic analysis indicating as much as 18 percent of the country's coal-fired energy generating capacity should be considered for closure. The study found as many as 353 generators in 31 states, totaling 59 gigawatts (GW) of electricity generation capacity, likely will be more expensive to operate after installing modern pollution control equipment than switching to cleaner energy alternatives such as natural gas, renewable energy, or using greater energy efficiency measures. These potential closures are in addition to 41 GW of already announced coal retirements.

To determine the economic competitiveness of a coal plant, the UCS compared that cost of coal-fired generation after a plant installed modern pollution controls with the cost of generation from a new natural gas-fired plant. If the cost was greater for the coal plant, it was considered ripe for retirement. Many of the ripe-for-retirement generators identi­fied in the report are more expensive to operate than wind power generation with or without the extension of the production tax credit (PTC).

renewableenergyworld.com
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