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Power Plants Bloom… WSJ

You are here: Home / Uncategorized / Power Plants Bloom… WSJ

December 28, 2017 by Jim Colburn Leave a Comment

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

 

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Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


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