Emissions force Talen to take Colstrip coal units offline

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Emissions force Talen to take Colstrip coal units offline

first_img FacebookTwitterLinkedInEmailPrint分享Billings Gazette:Colstrip Power Plant, one of the largest electricity generators in the northwestern United States, has been shut down for at least a month because of air pollution problems, The Billings Gazette has learned.Talen Energy, which operates the plant, is trying to dispel rumors that newer portions of the four-generator power plant have been permanently shut down after failing to comply with the EPA’s Mercury and Air Toxics Standards. None of the power plant’s four units are effectively functioning currently.The details were disclosed to The Gazette in a leaked email, which was written by Colstrip Plant Manager Neil Dennehy. “There is no truth in the rumor that the units will be permanently shut down due to this issue,” Dennehy wrote.Neither Dennehy nor Talen Media Relations Manager Todd Martin responded to Gazette interview requests Tuesday. But Montana’s Department of Environmental Quality confirmed Colstrip’s shutdown over air pollution problems that began at least 28 days ago. That’s when Talen notified the state that its newer generators, Colstrip Units 3 and 4, were emitting Hazardous Air Pollutants, or HAPs, at unsafe levels.Talen shut the units down so it could figure out what went wrong. Since then, the units have fired up only for testing. On July 10, Talen informed the state that its HAPs were still too high. HAPs are pollutants that are known to cause cancer or suspected of causing cancer or other serious health problems like birth defects. The toxic ingredients include lead, cadmium, chromium and other compounds.Dennehy said in his email that Talen would not operate the units out of compliance. By coincidence, Colstrip’s two other generating units are shut down for scheduled maintenance, leaving the power plant completely nonoperational.Right now without Colstrip electricity, those utilities are buying electricity on the spot market and doing so without interruption, sometimes at prices lower than the cost of Colstrip power. All six of Colstrip’s owners own other generating facilities, ranging from hydroelectric dams to wind farms and natural gas plants.More: Colstrip Power Plant shut down to address unsafe pollution emission, scheduled maintenance Emissions force Talen to take Colstrip coal units offlinelast_img read more

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Stocks down on fears over second wave as lockdowns ease

first_imgFears of a second wave of coronavirus infections in some parts of the world weighed on equities Tuesday, bringing a dose of hard reality to markets after weeks of rallies fuelled by the easing of lockdown measures and hopes for economic recovery.As some of the worst-hit countries including Spain, Italy and France take heart from slowing death and infection rates, they are gradually allowing businesses to open up and try to get back to some semblance of normality.However, after weeks of no new cases, Wuhan, the central Chinese city where the outbreak first emerged, reported six new infections in two days and South Korea announced its biggest spike in new cases for more than a month. The news jolted confidence on trading floors and weighed on regional markets Tuesday.Hong Kong, Sydney, Mumbai, Taipei, Singapore and Jakarta were all down more than one percent, while Tokyo and Shanghai fell 0.1 percent each.Seoul eased 0.7 percent and Manila was off 0.3 percent, though there were gains in Wellington and Bangkok.In early trade, London, Paris and Frankfurt were all down 0.4 percent. “Indications abound that increased mobility will lead to re-occurrences of the virus, which will change the slope of the recovery,” said AxiCorp’s Stephen Innes, noting that news reports had generally emphasised the negative elements of reopening.”While markets may eventually desensitise to mini-cluster outbreaks, provided death statistics remain static… at this stage, it does not lessen fears of a significant secondary spreader, which will undoubtedly weigh on consumer sentiment and hurt the rebound.”He added that investors would have to expect such uncertainty until a vaccine is available.How long to recover?The losses come after a healthy rally across equity markets from troughs reached in March as the disease began to take hold around the world and forced nations to lock down, effectively closing the global economy and pushing it into an expected recession.And, while there are forecasts that growth will bounce back, there is discussion over how quickly that will happen.”It’s well and good to say ‘OK, we’ve contained the disease’, but how long does the recession last?” Chris Rands, at Nikko Asset Management, said.”Typically when you look at unemployment spikes they take years to fix, they don’t fix themselves in three months.”Oil prices rose, taking some joy from news that Saudi Arabia would slash an extra million barrels per day from its June output, leaving it with just short of 7.5 million, which ANZ said would be the lowest since 2002.Kuwait and the United Arab Emirates also announced cuts to go with Riyadh’s reduction.After last month’s historic collapse in prices below zero, oil has rallied in recent weeks on the reopening and after top crude producers agreed to slash output by 10 million barrels a day.Topics :last_img read more

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