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Peabody Energy Corp. Message Board

  • thomasp2a thomasp2a Apr 6, 2005 3:23 PM Flag

    question coal investor

    What stage are we in for coal story... do you feel we have over a year before it becomes a bubble...

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    • Coal will remain strong - someone has to build these new plants and furnish the coal.
      Western power plan gets support



      The governors of four Western states announced their support Monday for the
      building of 1,300 miles of power lines that would carry electricity from
      the coal fields of Wyoming to energy-starved Southern California.


      In a memorandum of agreement, California Gov. Arnold Schwarzenegger, Nevada
      Gov. Kenny Guinn, Utah Gov. Jon Huntsman Jr. and Wyoming Gov. Dave
      Freudenthal established a compact that will try to speed government and
      regulatory approvals for the power lines and the plants that would generate
      the electricity.


      "There's a growing recognition in the West that what was once viewed
      exclusively as a California need is a Western problem," said Sen. Larry
      Craig, R-Idaho, a key player in the effort. "California is probably within
      a few years of being up against the wall on energy demand that will siphon
      capacity from West."


      Year 2011 is the target


      The Frontier Line project, conceived by Freudenthal and former Utah Gov.
      Mike Leavitt in 2003, would begin delivering electricity to booming
      Southern California, Nevada and possibly Utah as early as 2011. The
      transmission lines are expected to cost about $2 billion.


      The governors are hoping that the transmission-line project will encourage
      energy companies to build power plants in Wyoming and elsewhere in the
      West.


      The new power plants would be able to produce as much as 12,000 megawatts
      of electricity, which could power up to 10 million homes. They are expected
      to use a combination of coal and renewable fuels.


      The governors have set up a committee that will hire consultants for the
      project, recruit developers and line up financing, which is expected to
      come from the states and matching federal funds. Eventually, the states
      could be reimbursed by the project's main developer.


      No utilities on board yet


      No utility companies have signed on the project yet, though officials said
      the West's four main companies have been briefed on the work -- PacificCorp
      in Wyoming and Utah, Sierra Pacific Resources in Nevada and Southern
      California Edison and Pacific Gas & Electric in California.


      The plan comes as Southern California prepares to face another summer with
      tight power supplies. California suffered a power shortage in 2000 and 2001
      that led to rolling blackouts.


      Electricity consumption in the West has grown 60 percent over the past 20
      years, but the region's transmission system has expanded only by 20
      percent. The Western Governors' Association last year set a goal of finding
      30,000 megawatts of new clean energy by 2015.


      << Copyright �2005 San Jose Mercury News

    • thomas,

      Let me try to respond in the method your question was posed.

      When receiving a lump of coal in your Christmas stocking is considered a "great" gift. We will be in a bubble.

      tuck

    • Oil and gas are very expensive to burn at this time,and we have no plans for new nuclear power plants. You can do the rest.

 
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