Howdy Steven,
I am no fan of the coal industry.. not after that winter at Camp Peary
Virginia where the tar paper 40 man barracks had two coal burning cast iron
heaters. Once coal dust gets in your navy blues, it stays.
Interesting developments afoot between Exelon and NRG. Putting these two
together will skew the electric power generating industry in the USA.
Results??? expect to see a doubling in price per kwh. A deeper look at
corporate governance reveals leadership has background in investments and
not power generation. What does it portend? The same result as the rest of
the financial industry.. money at any cost. Once upon a time the electric
power industry was knee deep in engineering backgrounds.. not any longer..
the money boys are now in charge... once it was Stone and Webster
Engineering and Ebasco.. now it's Toshiba using the old Westinghouse nuke
plans.
Toshiba holds the contract to build two new nuke plants at Bay City Texas...
they can get started as soon as they find somebody that knows how to build a
nuke plant. Not to worry.. NRG says they are now nuke plant builders and
will build the two plants in sorta joint venture with Toshiba.. I am not a
stockholder in either Exelon or NRG.
Richard
.http://www.exeloncorp.com/ourcompanies/powergen/
http://phx.corporate-ir.net/phoenix.zhtml?c=121544&p=irol-govHighlights
Richard might feel a sense of vindication according to the following
Kiplinger article:
The New Black Gold Is Coal.
See:
http://www.kiplinger.com/businessresource/forecast/archive/new_black_gold_is_coal_090106.html
http://tinyurl.com/8539wn
Where's Marlin Brando and George C. Scott when ya need them! ("...we
are the Arabs!")
Regards
Steven Vincent Johnson
www.OrionWorks.com
www.zazzle.com/orionworks
