As mortgage rates rise across the United States, imagine this: someone offers to sell you a brand-new home; Paying for a Worthless Gas Plant?
, the cost and feasibility of future retrofits or CDR investments must also be prudently accounted for in new gas plantsJust as a mortgage spreads out the cost of a home over decades of payments, the costs of building a new power plant are repaid by electricity customers over its long lifetime.
The reason we pay for long-lived assets over a long time is that they’re expensive. Shortening the assumed life of a gas power plant will increase the monthly cost, but at least ratepayers won’t be stuck paying for a power plant that doesn’t produce power.
If we’re committed to building an asset with a known useful life, it’s essential the payment schedule matches that end date. If there’s a mismatch, customers will face higher costs than necessary. There are cost-effective alternatives to gas plants: at least 70 GW of the 88 GW of proposed gas plants could be avoided economically withThe good news is we are moving in the right direction — perhaps too slowly, but in the right direction nonetheless.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why paying down debt is the best use of your tax refundThere are a number of advantages to using the money to reduce your debt, and it doesn't mean you have to sacrifice fun.
Read more »
Oakland A’s place six players on COVID-19 list ahead of home opener at ColiseumThe A’s will be without their closer and several other key players at Monday’s home opener.
Read more »
After bitter offseason, can Oakland A’s fans fall in love with their team again?A’s pitcher Paul Blackburn: “We’re a good team. We’ve got guys here who can play.”
Read more »
A’s fielding woes prove costly in loss to Toronto Blue JaysMLB: Two Oakland A’s errors, including a critical one in the fifth inning, led to two unearned runs for the Toronto Blue Jays
Read more »
28 all-star books about California baseball including the Giants, Dodgers, A’s and moreThe MLB’s Giants and A’s also loom large, as do essential reads about Japanese American baseball, the Pacific Coast League and more.
Read more »