Even as administration officials vowed this week to head off scheduled retirements, some aging plants are now breaking, and costs could run to the billions.
Even as administration officials vowed this week to head off scheduled retirements, some aging plants are now breaking, and costs could run to the billions.
The irony here is that utilities and states that have been dragging their feet on closing their coal plants might get hammered by these costs to keep them open. Meanwhile those who have long since closed their plants will be unaffected. I’ll be curious to see how this affects electricity prices.