If This Is the Future of Coal, Will Anyone Else Want to Try It?

It's probably too early to call Duke Energy's (NYSE: DUK  ) and Southern Company's (NYSE: SO  ) coal gasification plants "failures," but they're certainly not off to the best start. With Southern's facility in Mississippi blowing out the budget to almost triple the original cost, it is becoming one of the most expensive facilities constructed on a per kilowatt installed basis. Also, after almost a year of "operations," Duke's facility in Indiana has been dealing with perpetual problems and costs that have increased rates for its customers by 16%.

If other utilities were considering the implementation of this new clean coal technology, they are probably reconsidering it after watching the continuing issues with Duke and Southern. This could be a major issue for the future of coal. To find out why, tune into the video below.

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  • Report this Comment On April 20, 2014, at 12:01 PM, toomuchgas wrote:

    If wind and solar are cheaper than "clean" coal what is the point of using it just to prove it can be done?

  • Report this Comment On April 20, 2014, at 3:02 PM, GETRICHSLOW2 wrote:

    Wind and solar are subsidized while coal continues to take a pounding by the bureaucrats in D.C. Really not a fair comparison.

    As with all new technologies, it will take some time to work out all the bugs. I agree clean coal doesn't look promising but I would not completely write it off just yet.

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Tyler Crowe

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8/28/2015 4:01 PM
DUK $72.39 Down -0.13 -0.18%
Duke Energy Corp CAPS Rating: ****
SO $43.74 Down -0.17 -0.39%
Southern Company CAPS Rating: ****