|One might have to step back and figure out what motives these energy company executives have. Primarily they are talking the position of their companies. Some companies with large nuclear fleets and large nat gas fleets stand to benefit. Many other companies with large coal generation fleets are going to feel the pain.|
There will be tremendous dislocation and loss of employment in these coal generation plants, mines, trains, etc. A gas fired plant will employ maybe 35 people for 1,000 MW while a typical coal plant will have 4-6 times more people. Not to mention the labor for coal is much higher than for gas.
Coal generation is getting hit equally by regulations and the present low cost of natural gas.
All these executives are a good part of the crony capitalism sucking up tax dollars for solar, wind, future nuclear, etc.
Just wait until all 40-60 gigawatt of plants shutdown and they are hitting rate bases to pay for new gas fired plants.