Acme equities hedge fund wants to add expensive carbon capture to distressed new mexico coal plant desmogblog electricity word search answers

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The City of Farmington, which is in talks to sell the plant to Acme, asked New gaston yla agrupacion santa fe 2016 Mexico legislators on Saturday to amend a bill currently under debate, the Energy Transition Act, to allow Acme the time it says it needs to install the carbon capture technology. Legislators planned to consider the amendment on Monday. The bill aims to transition the state’s economy static electricity human body causes to 50 percent renewable energy by 2030, and 80 percent by 2050.

“Carbon capture and sequestration” technology, or CCS, has failed to reach commercial adoption in the United States, despite decades of support from many utilities, the coal industry, and some environmental groups. That’s because so far, no one has been gas tax oregon able to implement CCS without making power plants much more expensive to build and operate.

Prior to the hearing, Acme had circulated slides to legislators, obtained by the Energy and Policy Institute, that detailed its plan to set up a newly rebranded company called “Enchant Energy.” Enchant Energy would retrofit the 847 MW San Juan z gas ensenada telefono Generating Station with CCS technology, and would also add a token 40 MW solar installation and 100 MW of battery storage.

Two of the most infamous CCS debacles were pursued gas cap code by the biggest utilities in the country. The Southern Company tried to build a CCS coal plant in Mississippi called the Kemper project. Kemper exceeded its $1.8 billion budget to cost $7.5 billion, and Southern Company deserted the CCS part of the project as expenses spiraled out of control. According to the Sierra gas bubbler Club, Kemper is the most expensive dollar-per-watt power plant built in U.S. history, all for a technology which never worked.

“The San Juan Generating Station is in financial distress because it cannot produce electricity at a price that is competitive,” Tom Sanzillo, the electricity voltage in china Director of Finance at the Institute for Energy Economics and Financial Analysis told the Energy and Policy Institute before learning of the CCS proposal. “We have reviewed investment deals all over the country and have not found any that can reverse this fundamental market reality.” Acme Looks to Oil Drillers and the Trump b games basketball Administration for Financial Lifeboats

Acme acknowledged in its slides that “ CCS is expensive,” but said it could finance the project in part by selling the carbon dioxide to oil producers, who would then use it for “enhanced oil recovery,” which entails pumping the carbon dioxide gas bloating frequent urination underground to force more oil out of wells. That process incidentally encourages electricity physics ppt greater carbon production elsewhere, and has environmental risks. Southern Company also had been relying on “enhanced oil recovery” for its failed Kemper plant in Mississippi.

Petra Nova may not be the best comparison point for Acme, however. The owner of Petra Nova, NRG, has said that the plant will be its last foray into CCS. That’s because like Acme, NRG wanted to sell the captured carbon to oil producers, but it did not find those gas leak los angeles deals as lucrative as it had hoped. Oil drillers are already barely staying afloat electricity year invented with oil prices at historic lows, cooling the potential market for enhanced oil recovery significantly.

Other hedge funds have hoped that the Trump Administration’s pro-coal rhetoric could help them profit from distressed coal plants, but those efforts have all failed. As Bloomberg noted yesterday, the Trump Administration has not gas weed been able to extend the lifetimes of even those plants with some degree of federal ownership, like the Navajo Generating Station in Arizona, or two coal plants grade 6 science electricity multiple choice test owned by the Tennessee Valley Authority. Front Group Promotes CCS Plan

Hedge funds sometimes try to set up front groups as a way to soften the ground for policy changes that will make distressed assets worth something. There is no evidence that Acme is involved in funding the group, and other parties would also have an interest in keeping the plant from closure. Whoever paid for CFAENM’s videos doesn’t seem to be getting much for their money: CFAENM has 29 followers on Twitter electricity word search answers and 189 on Facebook.