Borrowing liberally from Mark Twain’s famous quote, it would appear that reports of the death of coal as a power plant fuel “have been greatly exaggerated” as the siting competition for the Department of Energy’s (DOE) FutureGen clean coal power project continues to heat up. Last week, Ohio joined the growing alliance of coal producing and consuming states in support of locating the federal FutureGen project in Illinois, noting that it is “essential” to site the project in a location that will maximize the transferability of the project’s technology.
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Still Frigid, But Northeast Prices Plunge; Rest of Market Gains
Apparently Wednesday’s Iroquois Zone 2 quote of $76 will stand for a while as the spot market’s price record, because Northeast quotes tumbled Thursday about as fast as they had skyrocketed the day before. Conversely, the rest of the market ranged from flat to up nearly half a dollar after having been softer the day before.
January 16, 2004