More breaking news from the Coal Isn't Cheap department. Duke Energy reports that the new 620 MW coal plant they are building in Indiana is now expected to cost $2.9 billion, or 23 percent more than they last estimated in November. It's worth always taking the time to do some math whenever these type of numbers get released. No one has invested in new coal assets of any significance in the U.S. in nearly 2 decades, for the simple reason that a coal plant is a lousy investment. Meanwhile, every new coal plant that has been proposed or commenced construction …
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Sean Casten is president & CEO of Recycled Energy Development, LLC, a company devoted to profitably reducing greenhouse emissions.