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.

Top dividend stocks for the next decade
The smartest investors know that dividend stocks simply crush their non-dividend paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor's portfolio. To see our free report on these stocks, just click here now.

 


Read/Post Comments (2) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • 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.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2919367, ~/Articles/ArticleHandler.aspx, 9/17/2014 5:37:31 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Advertisement