Coal Era Coming to An End

Georgia Power's coal-fired steam-turbine electric generating Plant Bowen in Euharlee, Ga., seen in 2009. The utility is planning on shuttering 15 coal- and oil-fired generating units at its facilities.

Karen Bleier/AFP/Getty Images

In board rooms across the country, electric companies are deciding that many coal plants, especially small, older ones, just don’t make economic sense any more. One factor is the expectation that low prices for natural gas will continue because of the shale gas boom across the country.

Another is that new federal rules require coal plants to clean up the mercury and other toxic chemicals in their exhausts. Installing those pollution controls makes no sense when gas is so cheap.

The shift has come faster than many electricity companies expected. Every year, utilities tell the government which plants they plan to close over the coming decade. Over the course of one year, their estimates of how much coal generation they would retire nearly tripled.

If all goes as planned, within a few years only a third of the company’s power plants will run on coal. The company has already built three new natural gas plants. It’s expanding a nuclear plant and going bigger into solar and wind, Williams says.

The dramatic and swift shift away from coal at Georgia Power is part of a nationwide trend: After decades in which coal was king of electricity generation, natural gas is making a bid for the title. And it’s scoring big, unexpected wins in places like Georgia, where coal was especially dominant.

“We’re seeing that across the board, regardless of the size of the companies,” says Quin Shea, vice president for environment at the Edison Electric Institute, the industry’s trade group.

The development already has shrunk the electricity industry’s environmental footprint and reduced prices on wholesale power.   Get The Full Story

 

Advertisements

About GreenMarketingCompany

Utilizing a sustainable approach to business development we can help you create deep bonds of loyalty, increasing long and short term profits. The world is going green, and The Green Marketing Company can help you reach more customers and develop the green side of your business cost effectively. We are a full service sales and marketing company offering advertising, database development, distribution, events, graphic design, marketing, promotional products, public relations, research, social media, video, websites, accounting, inventory control and point of sale systems. The key to green marketing; plant the seeds, cultivate your relationships, fertilize with education, plow through your competition and reap the rewards.
This entry was posted in Business, economy, Energy, Environment and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s