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Wall Street won't finance new coal plants

Posted on: May 27, 2017 at 11:36:05 CT
Knucklehead MU
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It is as simple as that. They require a very large front end investment that takes 30 years to recoup. Wall Street has no confidence that market prices in the future will recoup the investment.

Gas on the other hand requires less front end investment, lowering the risk of stranded investment.

The good news is, Wall Street sees lower future energy prices. That is much more significant than savings a few hundred thousand coal jobs.

PS: I worked as a management consultant in the electric utility industry for over 30 years and have personally reviewed many "capacity expansion" planning studies.
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MESSAGE THREAD

Gary Cohn: Coal doesn't make much sense anymore - Knucklehead MU - 5/27 11:11:10
     No kidding - diaclone ISU - 5/27 11:37:46
     Coal works - pickle MU - 5/27 11:24:36
          Wall Street won't finance new coal plants - Knucklehead MU - 5/27 11:36:05
               We are in the same industry - DevilsAdvocate MU - 5/27 12:01:46
                    Get a room(nm) - TigerMatt STL - 5/27 13:47:04
               RE: Wall Street won't finance new coal plants - sarasotatiger MU - 5/27 11:43:49
               finally - Ferg STL - 5/27 11:38:28
     The demise of coal was inevitable... - Gyro MU - 5/27 11:17:48
          You see LNG cars explode at the pump? No way - TigerMatt STL - 5/27 11:22:38
               huh? - Ferg STL - 5/27 11:24:54
          what's preventing a coal miner from - Ferg STL - 5/27 11:20:47
               what's preventing them? - diaclone ISU - 5/27 11:38:55
                    strange (and accurate) comment - Ferg STL - 5/27 11:42:30
                         It sure seems that the - diaclone ISU - 5/27 12:18:49
                    If donnie makes them get jobs in order to continue receiving - tigerdb MU - 5/27 11:42:21
               I thought tRump was bringing them coal jobs back? - tigerdb MU - 5/27 11:31:51
               Having to move? If a coal miner is willing to move there - tgr MU - 5/27 11:23:41
                    so then he should move - Ferg STL - 5/27 11:26:30
               Location?(nm) - Toger STL - 5/27 11:22:04
                    move - Ferg STL - 5/27 11:23:00
                         Coal miners are usually poor rural folk - mizzouSECedes STL - 5/27 11:25:20
                              RE: Coal miners are usually poor rural folk - sarasotatiger MU - 5/27 11:46:24
                              if they can't afford to move - Ferg STL - 5/27 11:28:49




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