Not exact matches
Energy Secretary Rick Perry commissioned the study in April to evaluate whether «regulatory burdens» imposed
by past administrations — including that of President Barack Obama — had forced the premature
retirement of baseload power plants that provide nonstop power, like those fired
by coal and nuclear fuel.
The natural gas plants are necessary partly because of expected load growth, partly because of the intermittent nature of solar power and partly because of the planned
retirement of around 3,000 megawatts of generation powered
by less efficient
coal and oil plants, he said.
One - third of those plants, among the oldest and dirtiest in the United States, were to be shuttered
by the end of 2012, making it the biggest year for
coal plant
retirements in the nation's history.
When environmental lawyer Samantha (Kelly Noonan) returns to her childhood home to celebrate her
coal - mining father George's (Jeff Fahey)
retirement, some gentle ribbing
by his coworkers prods her into volunteering to work with him in the mine on his last day.
It's also unsupported, and in some cases contradicted,
by the DOE study ordered
by Perry in April that examined the link between
coal and nuclear plant
retirements, market forces and grid reliability and resiliency.
Committee Chair Lisa Murkowski (R - AK) asked his personal opinion of the risks posed to resilience
by the impending nuclear and
coal retirements on «a scale of 1 to 10.»
The already significant pace of
coal plant
retirements in PJM Interconnection is about to kick into high gear over the next couple of months, according to a new study
by Genscape.
BERLIN, 23 March 2018 —
Coal plant closure momentum is growing in Europe this month, with four German plants retiring or announcing retirement in March, and Ireland committing to a total coal phase out by 2
Coal plant closure momentum is growing in Europe this month, with four German plants retiring or announcing
retirement in March, and Ireland committing to a total
coal phase out by 2
coal phase out
by 2025.
At this rate,
by 2022 yearly
retirements worldwide will exceed new capacity additions and the global
coal fleet will begin to shrink.
In addition, regulations imposed
by the Environmental Protection Agency (EPA) aimed at improving air quality have contributed to the
retirement of
coal capacity (over 50 gigawatts (GW) of
coal capacity has been retired since 2002 with
retirements in recent years partially due to regulations).
By creating a demand for this supposedly dispatchable power, the policy discourages the
retirement of the very
coal units that AEMO has identified as ill - suited to our needs.
If global power sector emissions remain flat until 2025, before falling more steeply later on, then losses could reach $ 8.3 tn
by 2060 and early
retirements of
coal and gas plants would climb to 2,350 GW.
The majority of the reductions in the RGGI region to date have occurred because of
coal unit
retirements and cutbacks in the use of residual oil which were driven
by the economics of low natural gas fuel prices.
High - income countries should commit now to end the building of new unabated
coal - fired power generation and accelerate early
retirement of existing unabated capacity, while middle - income countries should aim to limit new construction now and halt new builds
by 2025.»
The evolution of the US energy sector is far from over, however, as
retirements are forecast to rise to 60GW
by 2020 and 92GW
by 2030, which is equal to 27 % of the total US
coal generation fleet in 2012.
Similarly, emission reductions in the UK power sector were largely driven
by the
retirement of old, inefficient
coal plant during the 1990s, through sulphur regulations which meant plant owners were faced with the choice of either retrofitting stock or retiring it (Eyre, 2001).
Coal, pushed to
retirement by EPA rules and cheap natural gas, diminishes in influence while solar capacity steadily rises to replace it.
Indian utilities may also want to consider a
coal retirement policy previously used to help utilities retire nuclear assets through private - sector bonds, now being considered
by utilities in Western U.S. states like Colorado and New Mexico to transition from
coal to clean.
But $ 20 million of that will go to workers discharged from
coal mines, $ 25 million to the Appalachian communities effected, $ 6 million to economically distressed communities, and roughly $ 5 million for «brownfield» studies in communities affected
by the
retirement of
coal - fired plants.
Environmental regulatory requirements may have been the straw that broke a baseload's camel's back — particularly for
coal plants — but it appears that most baseload plants were already burdened
by the effects of low natural gas prices, eroding customer demand, and lower capacity factors before the incremental burden of new regulations tipped the balance over to
retirement.»
«DR could impact
coal and nuclear plant
retirement decisions
by keeping down wholesale prices,» Feldman said.
The Federal Energy Regulatory Commission is expected to act
by January 10, 2018, on the Department of Energy's notice of proposed rulemaking on «grid resiliency pricing,» which directs the commission to impose rules that would prevent early
retirement of
coal and nuclear - fired power plants in the Eastern United States.
The rule is designed to speed up the
retirement of the nation's fleet of
coal - fired power plants — the most carbon - intensive way of creating electricity — and could more than double the rate of
coal plant closures
by 2040.
In 2008, approximately 8.5 million people lived within a 3 - mile radius of an operational
coal plant, but
by 2016, following widespread
coal plant
retirements, that number fell to about 3.3 million.
By August, DOE released the study, which pinned
coal and nuclear
retirements on cheap natural gas, debunked reliability concerns, and identified opportunities to improve grid resilience.
Stranded value is defined as the difference between the NPV of cashflow in the B2DS (which phases - out all
coal power
by 2030) and the NPV of cashflow in the BAU scenario (which is based on
retirements announced in company reports).
In addition to calling on high income countries to stop building new, unabated
coal - fired power plants immediately and accelerate the
retirement of their existing plants, the report also calls on middle income countries to limit new
coal - fired power plants and begin retiring their existing fleet
by 2025.
CAVT is used in several Synapse analyses to identify and investigate
coal units at risk for retirement, including two studies led by Mr. Knight for the Energy Foundation: Displacing Coal: An Analysis of Natural Gas Potential in the 2012 Electric System Dispatch (August 2013), and Forecasting Coal Unit Competitiveness: Coal Retirement Assessment Using Synapse's Coal Asset Valuation Tool (October 20
coal units at risk for
retirement, including two studies led
by Mr. Knight for the Energy Foundation: Displacing
Coal: An Analysis of Natural Gas Potential in the 2012 Electric System Dispatch (August 2013), and Forecasting Coal Unit Competitiveness: Coal Retirement Assessment Using Synapse's Coal Asset Valuation Tool (October 20
Coal: An Analysis of Natural Gas Potential in the 2012 Electric System Dispatch (August 2013), and Forecasting
Coal Unit Competitiveness: Coal Retirement Assessment Using Synapse's Coal Asset Valuation Tool (October 20
Coal Unit Competitiveness:
Coal Retirement Assessment Using Synapse's Coal Asset Valuation Tool (October 20
Coal Retirement Assessment Using Synapse's
Coal Asset Valuation Tool (October 20
Coal Asset Valuation Tool (October 2013).
The costs of the equipment needed to control acid and toxic metal emissions, such as flue gas desulfurization (FGD) and dry sorbent injection (DSI), play a significant role in retrofitting and
retirement decisions faced
by coal plant operators.
In these projections, 90 % of the
coal - fired capacity
retirements occur
by 2016, coinciding with the first year of enforcement for the Mercury and Air Toxics Standards.
Projected
retirements of
coal - fired generating capacity in the AEO2014 include
retirements above and beyond those reported to EIA as planned
by power plant owners and operators.
At today's meeting, the TVA Board voted to delegate authority to TVA CEO Bill Johnson to determine the exact
retirement date of the Allen
coal units, which must retire
by December 31, 2018 under the terms of a 2011 Consent Decree with EPA and environmental groups.
«This is confirmed
by data from electricity market monitors, SEC disclosures
by coal and nuclear plant owners, and the simple fact that the vast majority of
coal and nuclear
retirements are occurring in regions with the least wind generation.»
In a Friday memo, Perry asked his chief of staff to undertake a 60 day inquiry into «the extent to which continued regulatory burdens, as well as mandates and tax and subsidy policies, are responsible for forcing the premature
retirement of baseload power plants,» such as those fueled
by coal or nuclear energy, among other grid related questions.
In this webinar from June 9, 2016, Synapse's Senior Associate Patrick Luckow and Senior Associate Pat Knight discuss scenarios in which United States electric sector CO2 emissions could decline
by 30 percent
by 2030 driven largely
by these new realities, combined with economic
retirements of older
coal plants.
The closure plan was filed in response to a request
by the N.C. Utilities Commission, which ordered Progress to provide its
retirement schedule for «unscrubbed»
coal - fired units in North Carolina.