Slow pace of plant replacement could take 70 years

The aging baseload fleet of power plants in the U.S. will not be completely replaced with new or modernized nuclear, coal and combined-cycle plants for 70 years or longer, according to a report by a new industry association.

The report, “States’ Best Practices Attracting Baseload Investment,” prepared by Build Energy America, said some regions of the country have stopped modernizing their baseload fleet. In the coming years, the need to retire older nuclear and coal plants will grow but it will be impractical unless the pace of power plant construction increases, the report said.

Baseload power plants produce about 80 percent of the nation's electricity. No plants are under construction or have been completed since 2009 in most of New England, the mid-Atlantic, upper Midwest and Pacific Northwest. More than 20 states are not modernizing their baseload capacity because of uncertainty over federal regulations. The report said that the 15 states that are attracting investments use a balanced regulatory culture that is timely andfact-based and can be implemented in any state.

Build Energy America started operations in January and at present has no official members, its president, Steve Mitnick, said.

Read more retrofits and upgrades news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...