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Dynegy Cancels Investment in Six Coal Burning Power Plants-(Ecolibs Win, America LOSES)
Itsgettinghotin here ^ | yochizakai

Posted on 01/02/2009 12:35:21 PM PST by tcrlaf

The Dynegy Corporation has announced the termination of their coal-plant development partnership with LS Power, effectively canceling plans for six new coal burning power plants.

Momentum against coal is growing all around the country, as residents of Kingston, Tennessee recover from a one billion gallon spill of toxic coal ash produced by a coal plant last week. That spill promises to leave streams, fish, front yards and drinking water in the community under health advisories for months, if not years. Now, just two days into 2009 the tally of canceled coal plants is already ticking up.

The environmental community has labeled Dynegy “the next King Coal” in response to their plans to build these coal plants, the largest new coal fleet proposed in the USA. The Sierra Club launched a campaign to Clean Up Dynegy in February 2007, that spring thousands of Green America members asked Dynegy to cancel the plants and with the help of RAN, Public Citizen and a busload of Southern Energy Network student activists a massive protest engulfed Dynegy’s annual meeting in Houston last May.

There, inside the shareholder meeting, investors warned about the massive cost of carbon regulation to the company and activists raised concerns about the toll of its coal plants on surrounding communities and the climate. This summer courts in Georgia dealt Dynegy another setback, halting plans for a new plant until the state developed a plan to regulate carbon dioxide emissions from the plant.

Today Dynegy is backing down, canceling their partnership with LS power.


TOPICS:
KEYWORDS: coal; dynegy; electricity; energy; energywar; power; russiasmove
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To: tcrlaf

Come on people!

The price of crude will be back above $80 a barrel before the new plants can be functional anyway.

If you wait we all lose.


21 posted on 01/02/2009 1:41:20 PM PST by BillT (Socialism = Equal Poverty for ALL)
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Comment #22 Removed by Moderator

To: tcrlaf

Guess we’ll just have to sell all our coal to China.


23 posted on 01/02/2009 1:44:30 PM PST by the_devils_advocate_666
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To: tcrlaf

Come on people!

The price of crude will be back above $80 a barrel before the new plants can be functional anyway.

If you wait, we all lose.


24 posted on 01/02/2009 1:47:09 PM PST by BillT (Socialism = Equal Poverty for ALL)
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To: The Pack Knight
It will only be so long before economic reality will catch up.

One would think so. But, look at California. Even though their policies made them dependent on out of state energy generation, and led to the huge energy trading bubble which Enron, Dynegy, and many others profited on, has anything really changed?

25 posted on 01/02/2009 1:51:47 PM PST by Pearls Before Swine (Is /sarc really necessary?)
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To: tcrlaf

This spill was the ‘3-mile island’ of coal. I worked in the industry before and it has people spooked.

I cursed whoever let this happen because it will result in untold economic damage from envirowackos. Most likely several times more than it will cost to clean up.

Yes, coal is filthy in its original form and an environmental challenge but it was always getting cleaner. Legislating it into oblivion combined with NIMBY people after this spill will leave us with NO power.

The wackos can get off the grid and buy their own solar/wind systems if they hate coal and nuclear that much.


26 posted on 01/02/2009 1:52:49 PM PST by varyouga
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To: tcrlaf

All those electric cars and little or no way to recharge them ... central planning wins again!


27 posted on 01/02/2009 1:55:02 PM PST by NonValueAdded (once you get to really know people, there are always better reasons than [race] for despising them.)
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To: tcrlaf
What bloody inconvenient bad luck and timing! There are adverts up on the Washington DC Metro stating that there is no such thing as clean coal. These include an ad with Bigfoot holding a chunk of coal, and another with a grey Roswell like alien instead of Bigfoot.

About a month ago there were other posters on the Metro showing a oil soaked bird and the caption "Off shore drilling is not the answer". I suppose the answer is to freeze in the dark.


28 posted on 01/02/2009 1:57:47 PM PST by magooey (Obama/Soetoro - the demagogue the Founding Fathers were waiting for)
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To: tcrlaf

Are we pissed off enough yet?

Sooner or later...


29 posted on 01/02/2009 2:10:44 PM PST by upchuck (Get ready for 2009: Pray; Raise/conserve cash; Pay your debts; Pray; Stockpile; Buy ammo; Pray)
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To: Pearls Before Swine

What’s changed is this is a nationwide push, not just California. California can play these games so long as producers in other states are picking up the slack, but if Obama has his way, all that out of state generation California depends on is going to dry up.

Think all those California voters are going to continue to “vote green” when they can’t afford they can’t afford to power their plasma TVs? The truth is, I doubt the Democrats in Washington will even let it get that far. Getting re-elected will trump ideology every time, and I don’t think Obama’s handlers are ignorant of the likely consequences of actually fulfilling his promises.

I suspect the greenies are in for a disappointment if they actually believe Obama’s going to put a dent in coal.


30 posted on 01/02/2009 2:11:37 PM PST by The Pack Knight (Duty, Honor, Country)
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To: The Pack Knight
What’s changed is this is a nationwide push, not just California.

I agree. But California felt some serious effects, and didn't learn from them.

31 posted on 01/02/2009 2:26:35 PM PST by Pearls Before Swine (Is /sarc really necessary?)
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To: tcrlaf

Obama’s pressure on coal, wouldn’t bother me nearly as much, if Obama had an energy plan. But no nuclear plants, no drilling, and this vague funding of unproven alternative energy, is a bet-the-farm strategy on unproven technology.

Obama’s slogan was “Yes we can’t” but in energy, he’s the “No you can’t” candidate.


32 posted on 01/02/2009 2:48:35 PM PST by DannyTN
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To: The Pack Knight

>>The plurality of our electricity will come from coal for the foreseeable future. Even the Messiah can’t change that.<<
he already said quit publicly that he would make coal production so costly that they would not be able to stay in business.

If he does, all i can say is
“welcome to the revolution”


33 posted on 01/02/2009 2:54:55 PM PST by Munz (Infiltrate Interrogate Eradicate NEXT!)
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To: Pearls Before Swine
...has anything really changed?

Yes. As far as I can see no effective power plant of any type can be built in America today. The ECONAZIs will delay the project in court so as to make it prohibitively expensive and/or the court will dictate a reason the plant cannot be built.

34 posted on 01/02/2009 4:29:44 PM PST by Nuc1 (NUC1 Sub pusher SSN 668 (Liberals Aren't Patriots))
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To: tcrlaf
I’m just amazed at the utter stupidity of these morons. They think electricity magicly comes from a switch on the wall.

Just a few weeks ago the plant I work at was giving a tour to a class of youngsters, the class was lead by a science teacher. AFter having just been shown the room that houses batteries that provide emergncy back up power.

The teacher wanted to know what time everyone went home at night. Because obviously these batteries could store megawattts of power for the local community. If it was only that easy. Yes they do think it comes from the switch on the wall.

35 posted on 01/02/2009 4:53:02 PM PST by vikzilla
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To: CottonBall
I've read that some think America is close to breaking up. While I am somewhat shocked at the possibility, I sometimes harbor a similar John Galt sort of fantasy. Reality is the inconvenient truth and reality needs to come back into the lives of people in places like Kaleefornia.
36 posted on 01/02/2009 6:17:36 PM PST by GBA
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To: CottonBall

Just wait until we get “net zero” homes and buildings. It’s one of the stupidest things yet, but it’s coming. Google it just for fun.


37 posted on 01/02/2009 8:02:57 PM PST by Entrepreneur (The environmental movement is filled with watermelons - green on the outside, red on the inside)
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To: Entrepreneur

I never heard of ‘net zero’ homes till you mentioned it - and in googling it, I found the silliest contradiction:

“Affordable, costing no more to build than traditional, “stick-built”
homes/buildings. “

and then

“The Center is cooled by a 10-ton solar absorption cooling system powered by an array of very efficient solar heat pipe vacuum tube thermal collectors. The collectors heat the water to temperatures of 200+ degree F stored in a 1,200 gallon insulated tank, another type of inexpensive battery. The Solar Trigeneration system at the Audubon not only provides the air-conditioning in the summer but also heats the building in the winter, and provides the hot water for the kitchen and bathrooms.”

As if the price of a 10-ton solar absorption cooling system would be minimal! Ha!


38 posted on 01/02/2009 10:14:38 PM PST by CottonBall
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To: GBA
I've read that some think America is close to breaking up. While I am somewhat shocked at the possibility, I sometimes harbor a similar John Galt sort of fantasy. Reality is the inconvenient truth and reality needs to come back into the lives of people in places like Kaleefornia.

I've read the same - and in a sad sort of way, think that comes people, especially the idiot politicians, have it coming. Unfortunately, the rest of us will get it as well. Mexifornia is an example of just how idiotic the politicians can be. The state is in debt up to its eyeballs, the population has lost trillions in real estate and 401Ks - and many busineses are leaving the state because taxes and regulations are too high. And what do the idiots in Sacramento want to do? Raise taxes even more!

I'm buying everyhing I can out of state (and the hell with the use tax), even if I have to pay more for it.
39 posted on 01/02/2009 10:19:30 PM PST by CottonBall
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