CNN: “One among America’s oldest energy corporations goes carbon free” aside from coal and pure fuel.

Visitor “you couldn’t make this type of schist up for those who had been making an attempt” by David Middleton

H/T to Chuck Wortman…

One among America’s oldest energy corporations goes carbon free

By Matt Egan, CNN Enterprise
Up to date 6:48 AM ET, Thu July 25, 2019

New York (CNN Enterprise) PSEG has relied on fossil fuels to maintain the lights on for the previous 116 years. Now, New Jersey’s largest and oldest energy firm is pledging to ship carbon-free electrical energy to struggle local weather change.

[…]

To get there, the ability firm is shutting down its coal crops, betting huge on offshore wind and dealing laborious to maintain its present nuclear plant alive. PSEG stated it gained’t construct or purchase any new fossil-fueled energy crops, together with these working on dirt-cheap pure fuel.

[…]

Final month, PSEG introduced an settlement to promote its stake in a pair of coal crops in western Pennsylvania. The corporate plans to close its last coal-powered unit, situated in Connecticut, inside 18 months.

[…]

PSEG’s plan to not open new fossil fuels comes simply after it just lately expanded its footprint in that area, capitalizing on the abundance of pure fuel in the USA. The corporate has completed three pure fuel crops over the previous year-and-a-half, however now it’s planning to close down a number of the much less environment friendly fuel crops.

PSEG additionally provides pure fuel to prospects in New Jersey, and it’ll proceed that enterprise. The carbon-free aim is for its energy enterprise.

[…]

Darth Vader: That is CNN

Matt Egan, 2007 BS in journalism.

It should actually suck to stay in New Jersey ($zero.17/kWh), though not almost as dangerous as New England ($zero.22/kWh)…

Desk 5.6.A. Common Value of Electrical energy to Final Clients by Finish-Use Sector,
by State, Might 2019 and 2018 (Cents per Kilowatthour)

Residential prospects in States that also depend on coal and/or “dirt-cheap pure fuel” solely pay about $zero.10 to $zero.12/kWh.

Final month, PSEG introduced an settlement to promote its stake in a pair of coal crops in western Pennsylvania.

Darth Vader: That is CNN

Did PSEG conform to “to promote its stake in a pair of coal crops in western Pennsylvania” to Tom Steyer, so he can tear them down?

Merchandise 2.05 Prices Related to Exit or Disposal Actions

On June 20, 2019, PSEG Fossil LLC (“Fossil”) and PSEG Energy Fuels LLC (“Energy Fuels” and along with Fossil, the “Sellers”), direct wholly owned subsidiaries of PSEG Energy LLC (“Energy”), entered into Buy Settlement (the “Buy Settlement”) with Chief Conemaugh II, LLC and Chief Keystone II, LLC (collectively, the “Consumers”) regarding the sale by the Sellers of their possession pursuits within the Keystone and Conemaugh technology services and associated belongings, together with the idea by the Consumers of associated liabilities. The transaction is focused to shut in the course of the second half of 2019, topic to customary closing circumstances and regulatory approvals.

Because of the transaction, the Vendor’s possession pursuits within the Keystone and Conemaugh technology services and associated belongings will now not be labeled as held to be used in accordance with accounting ideas usually accepted in the USA. Within the second quarter of 2019, Public Service Enterprise Group Integrated (“PSEG”) and Energy anticipate to acknowledge a one-time pre-tax impairment cost of $375 million to $415 million because the anticipated sale value is lower than the present e-book worth.

FORM8-Okay

PSEG is promoting them to an entity that can preserve them working. The
Keystone models went into service in 1967-1968, the Conemaugh models went into service in 1970-1971 and none of them had been scheduled for retirement as of the 2017 Kind EIA-860 Information – Schedule three, the latest last survey.

The one “closing” right here, is the closing of a cope with a purchaser who absolutely understood that…

You actually can’t.

PSEG could also be divesting the Keystone and Conemaugh technology services, however there’s no “carbon free” right here.

Oh, but it surely will get higher…

The corporate plans to close its last coal-powered unit, situated in Connecticut, inside 18 months.

Darth Vader: That is CNN

This fracking story is over three years previous… And the coal-fired energy plant is being changed by a pure gas-fired energy plant!!!

Connecticut’s Final Coal-Fired Energy Plant To Be Closed

By GREGORY B. HLADKY
FEB 12, 2016

Connecticut’s final coal-fired energy plant, Bridgeport Harbor Station, is scheduled to be closed by 2021 and changed by a brand new cleaner-burning pure fuel facility, in keeping with the plant’s proprietor, PSEG.

The gas-powered plant is predicted to be in operation by 2019 and shall be able to producing 485 megawatts of electrical energy, firm officers stated Thursday. 

[…]

The Hartford Courant

Bridgeport Harbor Station is a 418.6 MW energy plant. It’s being changed by a 485 MW pure gas-fired energy plant. That’s a web acquire of 66.four MW for fossil fuels!

How vital is 418.6 MW in comparison with the general coal-fired producing capability within the US?

EIA

Coal-fired producing capability at the moment stands at round 225 GW (225,000 MW). 418.6 is zero.19% of 225,000. Dean Wormer would describe this as…

And it stored getting higher…

That is priceless… They swear off fossil fuels proper after…

PSEG’s plan to not open new fossil fuels comes simply after it just lately expanded its footprint in that area, capitalizing on the abundance of pure fuel in the USA. The corporate has completed three pure fuel crops over the previous year-and-a-half, however now it’s planning to close down a number of the much less environment friendly fuel crops.

PSEG additionally provides pure fuel to prospects in New Jersey, and it’ll proceed that enterprise. The carbon-free aim is for its energy enterprise.

Darth Vader: That is CNN

Matt Eagan, earns a Tommy Lee Jones implied facepalm…

Talking of Bridgeport…

I used to be born, raised and educated in Connecticut and lived there till I emigrated to Texas in 1981. Any point out of the town of Bridgeport at all times brings again reminiscences of a band that used to play in a number of the bars I frequented throughout my faculty days in New Haven…

The Bridgeport Tune is sung by the Uncle Chick Band, 1980. Sung by The Uncle Chick Band, Written by Mike Luciani & Kevin Perry, Produced by Pequot Information Walter Marcinowski, Organized by Greg Allen. Video by Bridgeport In The Know.

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