Erin Ailworth at The Wall Street Journal wrote an excellent article on the power plant boom going on to take advantage of low natural gas prices (despite low power prices)… Here is,Erin:
”The key for electricity producers is location, location—preferably close to cheap natural gas. By building there, firms can access nearby fuel supplies and tap transmission lines to move megawatts to market.
In Pennsylvania and Ohio, which sit above the prolific Marcellus Shale formation, companies including Invenergy LLC and Calpine Corp. CPN 0.13% are building gas-fired power plants capable of generating a combined 8.6 gigawatts and expected to come online between now and 2020, according to federal data. That’s enough to power up to 8.6 million homes and burn roughly 1.5 billion cubic feet of gas a day at full capacity—roughly the equivalent of the daily flow through a major pipeline.”
Here is the link: https://www.wsj.com/articles/power-plants-bloom-even-as-electricity-prices-wilt-1514457002
Leave a Reply