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Sagging economy, doubts about coal prompt power companies to sell more plants http://apocadocs.com/s.pl?1347895276
Dominion Resources' plan to shed 4,000 megawatts from its merchant power portfolio by next year illustrates just how dramatically electricity markets have changed in an era of tightening regulation, volatile fuel prices and a sluggish economy... Mike King, head of the energy, environment and network industries practice at NERA Economic Consulting, said the electric power sector is weathering major disruptions caused by technology, policy, regulatory and market forces.
Among these are low gas prices sparked by the technological advancements in oil and gas drilling, and government policies promoting renewables and energy efficiency. Finally, new regulations targeting coal-fired power plant emissions have required significant upgrades in coal plants, making it difficult for their owners to make money.
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[Read more stories about:
carbon emissions, coal issues, coal issues, climate impacts, health impacts]
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