Not exact matches
Exelon, headquartered in Chicago, is a $ 31 billion energy services and wholesale power firm with one of the nation's largest nuclear fleets, as well as extensive holdings in natural
gas, wind and hydropower
generation assets.
And given the current cost competitiveness of natural
gas, there is little reason for utilities to include coal in the planning mix for new
generation assets, Barnett said.
Infrastructure
assets are roads, railways, ports, airports, telecommunications facilities, electricity
generation,
gas or electricity transmission or distribution, water supply or sewerage, and hospitals.
Earnings Fortis owns natural
gas distribution, electric transmission, and power
generation assets in Canada, the United States, and the Caribbean.
Even a wedge of natural
gas has some value in this view, since it displaces a huge volume of long - lived coal
generation assets, which increases the odds that zero carbon sources will be able to muscle in later.
The proposal calls for upgrading existing pipeline facilities and storage
assets, with a goal of supplying electric
generation markets in the
gas - constrained region.
It is worth noting that much of that $ 50 billion was spent acquiring wind and solar
generation and its associated spending on transmission, plus
gas plants (to back them because the power is intermittent), and distribution
assets to hook them into the grid or embed them with the local distribution companies.
The jump, according to the report, is partially driven by the following trends: ``... the write - down of fossil fuel
assets; the inevitable wave of nuclear plants due to be retired; the exposing of hypothetical forecasts of 100 years of shale
gas; and the decline of large, centralized electricity
generation.»
«It's not like power supply of the past where you had a bunch of nuclear power plants, a couple coal plants and some
gas - fired
generation with the odd renewable
asset thrown in, and then a jumbled mix of grey and green power being sold at the consumer end,» says Uli Suedhoff, a director at GE Renewable Energy in Europe.
They added that subsidy - free renewables will have a negative impact on baseload power
generation, such as natural
gas and nuclear, but boost the business case for flexible
assets, such as peaking plants, battery storage and demand response.