paramont coal to shut down in october?
Posted in the Norton Forum
#1 Jul 30, 2012
is this true or just a rumor?
#2 Jul 30, 2012
pray that it is a rumor
#3 Jul 31, 2012
Coal use is declining about 10% per decade, NOT because of any government plot, but as private industry swtiches to cleaner & cheaper natural gas, solar, wind, etc. So, it might not be too surprising if Paramount does shut down,
#4 Jul 31, 2012
Your name sums it up, blank in thought, understanding and common sense. Deny the truth, deny the EPA's laws, deny reality. I just hope you will be denied welfare or unemployment when it all hits the fan in a few years and all of SW V is starving due to the idiot in chiefs job killing American hating policies.
#5 Jul 31, 2012
Ah...Koch-sponsored rants! Check out any economic source on coal usage and the reasons why it is declining, and you will see the FACTS i presented are correct as to how private indstries are using cleaner & cheaper natural gas as well as other sources. Skip the Koch/Tea Party talking points for me, i not interested. Zzzzzz....
#6 Jul 31, 2012
I think it will turn out to be just a rumor, but there probably will be more layoffs. However, I do not think that Alpha will shut down Paramont Coal. They don't shut down coalmines for little while, once closed they are usually gone and Paramont makes up a large majority of Alpha. Besides, coal is not going anywhere. Regardless of what people say India, China, and Europe are burning coal at an insane rate. According to Robert Bryce, a senior fellow at the Center for Energy Policy and the Environment at the Manhattan Institute, "China has about 650,000 megawatts of coal-fired electricity generation capacity (more than twice the capacity in the United States), and it plans to build an additional 273,000 megawatts of coal-fired capacity. After the disaster at Japan's Fukushima nuclear power plant, Germany is shuttering many of its reactors. Nearly 14,000 of the 36,000 megawatts of new electricity generation capacity that will be built in Germany over the next few years probably will be coal-fired facilities." According to the sorce,"ExxonMobil predicts that in 2030, the cheapest form of electricity production will remain coal-fired generation units, with a total cost of about $0.06 per kilowatt-hour, less than the cost of electricity produced by natural gas, nuclear, wind, or solar photovoltaic panels." Here in America, breakthroughs with technology to covert coal to liquid are beginning to take shape. Adams Fork Coal to Liquid plant in Mingo County, W.Va is one example. According to developer Adam Victor, taking coal and using it to produce gasoline, will be cheaper and cleaner than taking petroleum and making gasoline. That is if the EPA will get out of the way. The plant was scheduled to already be on line, but again thanks to the EPA and Obama, opening has been pushed back to 2016. Therefore, until Mr. Victor's plant can come online and start to liquefy coal or peoples electricity bills increase due to the rising price of NG, other countries will keep coal in business. I am not saying that will Coal will turn around tomorrow, but coal is not dead.
#7 Aug 1, 2012
EPA is leading the Obama administration’s assault on coal with a number of new regulations. Two of the most important are the “transport rule” and the “toxics rule”(Utility MACT). Combined, these regulations will systematically reduce access to affordable and reliable energy.
EPA Regulations Will Close At Least 28 GW of Generating Capacity
EPA modeling and power-plant operator announcements show that EPA regulations will close at least 28 gigawatts (GW) of American generating capacity, the equivalent of closing every power plant in the state of North Carolina or Indiana. Also, 28 GW is 8.9 percent of our total coal generating capacity.
Current Retirements Almost Twice As High As EPA Predicted
EPA’s power plant-level modeling projected that Agency regulations would close 14.5 GW of generating capacity. That number rises to 28 GW when including additional announced retirements related to EPA rules, almost twice the amount EPA projected. Moreover, this number will grow as plant operators continue to release their EPA compliance plans.
Analysis by the North American Electric Reliability Corporation (NERC), the entity in charge of grid reliability, projected that EPA’s Transport Rule and Toxics Rule would close 20 GW of generating capacity. This list indicates that at least 28 GW will retire. EPA’s Transport Rule and Toxics Rule push U.S. energy security past the NERC worst case scenario.
Operators in Georgia, Maryland, Michigan, New Mexico, Ohio, Pennsylvania, and Wisconsin have announced new closures since we first published our closure list eight months ago. Additionally, operators in Minnesota announced they would cease plans to convert a coal plant to natural gas, letting the plant retire due to EPA regulations. In just eight months, retirements related to EPA regulations have grown by 6.4 GW, more than the 4.7 GW of closures EPA predicted for the entire Utility MACT.
Pricing trends in the PJM Interconnection are showing troubling signs concerning the impact on electricity rates of power-plant retirements due EPA regulations. EPA has called PJM Interconnection’s operating region “one of the largest and most heavily dependent on coal-fuel generation in the country.” Much of this coal generation is in an area PJM calls the “RTO,” which encompasses states like Ohio, Indiana and Illinois. Last May, PJM Interconnection held its Future Capacity Auction for 2014/2015, the first to incorporate Utility MACT requirements. During that Auction, future capacity prices in the RTO increased by an incredible 350 percent. PJM concluded the vast majority of this increase was due to requirements “to meet increasingly stringent environmental regulations.”
UBS projects future capacity prices in this May’s Future Capacity Auction for 2015/2016 will increase at least 60 percent in northern Ohio. According to UBS, this increase is due to significant transmission congestion caused by recently announced Utility MACT-related power-plant closures. Deutsch Bank has said that prices could increase by as much as 300 percent. Ratepayers in northern Ohio are paying a high price for EPA’s regulatory agenda.
There's my support for my side, please show us yours.
#8 Aug 1, 2012
you have said this over and over where are you getting your info from everything else says otherwise
#9 Aug 1, 2012
Natural gas will not make electricity any lower now or come 2015....
"PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account,"..."The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt." Considering that people (including myself) complain about their electricity bill every month and write their representatives about the price of electricity... I wonder what people will do in 2015 if the war on coal continues.
Before you Dems start about the article being from Fox News...try to understand that no other mainstream media is reporting this. So, I threw in a few different websites that are talking about it.
Read more: http://www.foxnews.com/opinion/2012/05/22/oba...
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