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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Elroy Jetson who wrote (186949)12/7/2014 12:05:16 PM
From: Biomaven  Read Replies (1) of 206107
 
Thanks.

Here is Massachusetts we have a similarly screwed-up long term contract - a big power plant fueled by imported LNG with more than a decade to run on the contract. In a sensible world that would be replaced by gas from the pipeline that will inevitably get built in the next couple of years. But both the plant, and the LNG import facility are owned by the same company (GDF Suez), and so maybe logic and economics will not prevail.

Peter
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