EPA Rules To Impact Utilities, Exploration And Production
By Mike Maher:January 1, 2012 will see the implementation of new EPA rules forcing power plants to curb emissions. While the industry is still fighting the new regulations, a Washington that seems unable to agree on anything seems unlikely to compromise on this issue in the short term. That being said, coal-fired power plants in 27 states are likely in for some retro-fittings, or shut downs over the three year period set aside for compliance to the new rules. That means big changes for power producers and coal miners, opportunities for engineering companies that install scrubbers and build new power plants, the companies that supply these products, and potentially the natural gas industry. Duke Energy (DUK) and Progress Energy (PGN), which are pursuing a merger, combined would have 57 gigawatts of U.S. generation capacity, with 42% coming from coal. However, the majority of that coal generation capacity already has scrubbers installed. OfComplete Story »
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