ZPE_Logo
  
Search        
  Create an account Home  ·  Topics  ·  Downloads  ·  Your Account  ·  Submit News  ·  Top 10  
Mission Statement

Modules
· Home
· Forum
· LATEST COMMENTS
· Special Sections
· SUPPORT ZPEnergy
· Advertising
· AvantGo
· Books
· Downloads
· Events
· Feedback
· Link to us
· Private Messages
· Search
· Stories Archive
· Submit News
· Surveys
· Top 10
· Topics
· Web Links
· Your Account

Who's Online
There are currently, 234 guest(s) and 0 member(s) that are online.

You are Anonymous user. You can register for free by clicking here

Events
  • (August 7, 2024 - August 11, 2024) 2024 ExtraOrdinary Technology Conference

  • Hot Links
    Aetherometry

    American Antigravity

    Closeminded Science

    EarthTech

    ECW E-Cat World

    Innoplaza

    Integrity Research Institute

    New Energy Movement

    New Energy Times

    Panacea-BOCAF

    RexResearch

    Science Hobbyist

    T. Bearden Mirror Site

    USPTO

    Want to Know

    Other Info-Sources
    NE News Sites
    AER_Network
    E-Cat World
    NexusNewsfeed ZPE
    NE Discussion Groups
    Energetic Forum
    EMediaPress
    Energy Science Forum
    Free_Energy FB Group
    The KeelyNet Blog
    OverUnity Research
    Sarfatti_Physics
    Tesla Science Foundation (FB)
    Vortex (old Interact)
    Magazine Sites
    Electrifying Times (FB)
    ExtraOrdinary Technology
    IE Magazine
    New Energy Times

    Interesting Links

    Click Here for the DISCLOSURE PROJECT
    SciTech Daily Review
    NEXUS Magazine

    Power Industry Cuts Plans For New Plants
    Posted on Monday, January 07, 2002 @ 21:13:00 GMT by vlad

    General From ENL we learned that "the attorneys general of nine northeastern states are hosting a news conference regarding emissions policy on Tuesday. The group is expected to warn the Bush administration their states will consider legal action against the federal government if a pending review of the nation's emissions rules leads to a relaxation of enforcement against power plants and refineries." We think all states should do the same to make the message even stronger.
    Here is another interesting news from The Wall Street Journal, Jan 4, 2002, indirectly related to the cause for the new energy revolution (you think they don't know what's coming?):



    POWER INDUSTRY CUTS PLANS FOR NEW PLANTS, POSING RISKS FOR POST-RECESSIONARY PERIOD

    Energy companies are scaling back construction of new power plants to cope with low wholesale electricity prices and market jitters over high levels of corporate debt.

    New data show that some 18% of all announced projects already are effectively dead, nearly double the attrition rate a year ago. That could spell trouble when the U.S. emerges from recession and electricity demand again picks up. New plants not only support economic growth, but they replace older, dirtier plants, as required to satisfy increasingly stringent air-quality standards.
    Many energy companies have been on the defensive in the wake of Enron Corp.'s collapse last month. A pioneer in deregulated energy markets, Enron came unglued as a result of a loss of investor confidence in the honesty of its accounting. The company is now seeking to reorganize under Chapter 11 bankruptcy-court protection from creditors.
    Since Enron's sudden fall, competitors such as Dynegy Inc., Mirant Corp. and El Paso Corp. have said they are scaling back some development projects and have begun to shed assets. Calpine Corp., which has the most aggressive development program among power-plant builders, is expected to make a similar announcement later this month.
    Data compiled by Energy Insight, a Colorado-based research unit of McGraw-Hill Cos., show that 91,139 megawatts of generating plants, out of a total announced portfolio of 503,780 megawatts, had been canceled or tabled by the end of 2001, amounting to 18% of proposed new additions. A year earlier, 30,909 megawatts of capacity had been jettisoned, amounting to about 10% of the announced total.

    Last month was the first month in recent memory in which plant cancellations significantly exceeded newly announced projects. A net deficit of 2,952 megawatts of capacity was equal to the loss of about six major power plants. The Energy Insight statistics are based on company announcements and, if anything, understate what's actually happening in the marketplace, because companies often slow projects rather than kill them outright. In California, for instance, suppliers have five years to break ground, once permits are granted. New York sets no time limit.
    No one expected all the announced plants to get built, but a significant sustained retrenchment could create special problems. In most cases, plants planned for start-up in 2002 and 2003, for which financing already has been obtained, are going forward. But projects with completion dates beyond 2004 increasingly are in doubt. "It's the later dates we're paying attention to," says Bob Therkelsen, deputy director of the California Energy Commission. "There are huge uncertainties."

    Only one major plant has been canceled in New York, so far. California has lost four major projects and roughly two dozen small "peaking plants" that would run only during periods of especially high demand. Developers not going forward with projects in California include FPL Group Inc., Enron and El Paso. Both states experienced tight energy supplies in 2000 and again last year, while the economy remained robust. They are considered the most vulnerable when demand again increases.

    "The pace of applications has slowed," says Maureen Helmer, chairwoman of the New York Public Service Commission. "Believe me, we're watching."
    Analysts expect cancellations to build as companies trim debt. Only a few months ago, power suppliers boasted that they could borrow two dollars for every dollar of capital they had invested in new power-plant projects. When they needed money, they borrowed it or sold more stock, taking advantage of high market valuations.
    Those are bygone days. Since Enron's collapse, credit-rating concerns have been taking a tougher look at debt levels, especially because the completion of aggressive construction programs often requires billions of dollars of borrowings. Low power prices have made it hard to produce the robust profits that many firms reaped in late 2000 and early 2001, and that sent their stocks soaring.

    In the wake of fallen stock prices, a much less ambitious energy industry is more interested in keeping analysts and investors happy than in racking up strong growth numbers.
    It leaves the nation's energy future uncertain. Not only may needed plants not get built, but there is no certainty that what does get built will be the best projects. There is no national master plan ensuring that generating capacity gets constructed where it is most effective in supporting voltage levels, maintaining abundant reserves near cities and making most efficient use of an overstressed high-voltage transmission system.
    Poorly situated plants can increase bottlenecks on the electric high-voltage transmission system, making it harder to get electricity where it's needed and, ultimately, increasing wholesale power costs.

    Even Texas, with the biggest electricity surplus of any region, may find itself with far less surplus juice in a few years. Its so-called reserve margin, which exceeds 20% today, is expected to decline to about 15% by 2005, even if everything that has been announced gets built, an unlikely event.


     
    Login
    Nickname

    Password

    Security Code: Security Code
    Type Security Code

    Don't have an account yet? You can create one. As a registered user you have some advantages like theme manager, comments configuration and post comments with your name.

    Related Links
    · More about General
    · News by vlad


    Most read story about General:
    Z machine melts diamond to puddle


    Article Rating
    Average Score: 0
    Votes: 0

    Please take a second and vote for this article:

    Excellent
    Very Good
    Good
    Regular
    Bad


    Options

     Printer Friendly Printer Friendly


    "Power Industry Cuts Plans For New Plants" | Login/Create an Account | 0 comments
    The comments are owned by the poster. We aren't responsible for their content.

    No Comments Allowed for Anonymous, please register

     

    All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest © 2002-2016 by ZPEnergy. Disclaimer: No content, on or affiliated with ZPEnergy should be construed as or relied upon as investment advice. While every effort is made to ensure that the information contained on ZPEnergy is correct, the operators of ZPEnergy make no warranties as to its accuracy. In all respects visitors should seek independent verification and investment advice.
    Keywords: ZPE, ZPF, Zero Point Energy, Zero Point Fluctuations, ZPEnergy, New Energy Technology, Small Scale Implementation, Energy Storage Technology, Space-Energy, Space Energy, Natural Potential, Investors, Investing, Vacuum Energy, Electromagnetic, Over Unity, Overunity, Over-Unity, Free Energy, Free-Energy, Ether, Aether, Cold Fusion, Cold-Fusion, Fuel Cell, Quantum Mechanics, Van der Waals, Casimir, Advanced Physics, Vibrations, Advanced Energy Conversion, Rotational Magnetics, Vortex Mechanics, Rotational Electromagnetics, Earth Electromagnetics, Gyroscopes, Gyroscopic Effects

    PHP-Nuke Copyright © 2005 by Francisco Burzi. This is free software, and you may redistribute it under the GPL. PHP-Nuke comes with absolutely no warranty, for details, see the license.