Tom Adams from the National Post via energyprobe.org.
He discusses the situation in Ontario in regards to Ontario's Coal Fired power plants. The McGuinty government has moved away from upgrading it's fleet of coal fired plant's with new clean coal technology in favour of converting them to natural gas. I think Sask Power is favouring gas turbines for it's next generation.
Nanticoke Generating station produces 4000MW of Power. 8 average size 500MW power plants.
Hmmmm I'm thinking Enbrige stock is going to be in big demand. Oh and don't forget about those huge Gas Bills to heat your homes.......
Ex cert from the article reads: "Because of this drastic fuel price difference, the smart money is abandoning natural gas: Many natural gas stations in the U.S. are available for resale, sometimes from creditors, and often for pennies on the dollar. Invenergy, one of the companies building gas-fired generation in Ontario under contract to the provincial government, bought a mostly-built $300-million gas-fired generator in the U.S. earlier this year for $21-million. "
This is true in Alberta as well were EPCOR has recently abandoned it's 600MW Clover Bar generating Station in Edmonton in favour of higher efficiency type gas turbines and Super Critical Coal Fired plants. Cleaner Power
See more: energyprobe.org
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