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.
The Motley Fool recommends Southern Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.