| The
folly of NEVCO Energy's proposed coal-fired power plant near
Sigurd is getting even riskier for investors. The Oct. 12 issue
of Electric Power Daily includes the California Energy
Commission's mid-September draft energy policy which calls for a
performance standard for utility procurement to be set no lower
than levels achieved by a new combined-cycle natural gas
turbine.
The standard is likely to convince coal plant developers that
the California market is closed for the foreseeable future, and
they will shift to more realistic investment targets. To add to
the negative picture of investing in dirty power generation, the
Electric Power Daily states that America is entering “the
best
investing environment
ever for renewable power.”
The time is now to
look toward clean electricity generation and not saddle Sevier
County with the burden of being the home of yet another
coal-fired power plant.
Cindy Roberts
Sigurd
|