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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Biomaven who wrote (184259)	6/3/2014 8:06:57 PM
From: quehubo	Respond to of 206154

I work for the company that owns Brayton Point. Their story is similar to many other coal plants, the environmental costs were manageable when NG was projected to be $7 mbtu. Add MATS and more uncertainty along with $4 NG and they no longer make a profit. The big problem is a mismatch between pipeline capacity and generation capacity. If there were prices to support a pipeline they would be built. But the electric markets dont provide LT capacity payments out to support a pipeline. The grid in the NE quadrant is still riding the cheap capacity installed during the speculative build out which busted in 2002.