first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg Businessweek:As President Donald Trump prepares to pay failing coal plants to stay open, several states are hatching plans to gently put them to sleep. One solution gaining steam among lawmakers, environmentalists, and policy experts can be found in an unlikely place: the bond market.For utilities, getting out of the coal business can be costly. They have to pay to dismantle generators, and they don’t want to miss out on future revenue by scrapping still-productive assets early. Plus, coal-plant workers will need to be retrained for other jobs. To pay for all that, states could allow utilities to issue special bonds at low rates. While the plan has yet to be implemented, Colorado, New Mexico, and Missouri are among the states where legislation has been debated.“If there’s a no-cost option available to the state, I think it would be absurd to not do it,” says Jacob Candelaria, a Democratic state senator in New Mexico. Candelaria sponsored a bill that failed to pass and plans to reintroduce it next year. No tax dollars would be spent for such bonds, he says, but the debt would be backed by ratepayers. That means the utility can add a special charge to customers’ bills to cover the payments. The predictable cash flow means the bonds can carry lower rates. For years, coal’s been losing out to cheaper natural gas and cleaner renewables such as wind and solar. Coal-fired facilities accounted for more than half of U.S. electricity from 1949 through 2005, according to the Energy Information Administration. Since then, its share has declined to less than one-third of the U.S. total.Strategies for managing the transition vary. The operators of New England’s power grid have instituted a plan, sometimes called “cash for clunkers,” that includes—as a side effect to making room for new clean energy sources—paying old plants to retire. Trump, who has struggled to fulfill a campaign promise to help the coal industry, announced on June 1 that he was ordering Energy Secretary Rick Perry to stem the tide of closures. The government would establish a “strategic electric generation reserve” and compel grid operators to buy electricity from coal and nuclear plants. The administration says this is to protect national security. Still, many state and local authorities—and even a lot of utilities—see coal-plant shuttering as inevitable. Almost two dozen coal plants, with a combined capacity of more than 16 gigawatts, are scheduled to close in 2018, according to data compiled by Bloomberg New Energy Finance from the EIA and the Sierra Club. Another 30 gigawatts’ worth of plants are slated to follow suit by the end of 2025.It’s just a question of how the process unwinds. Candelaria estimates his legislation would have allowed utility PNM Resources Inc. to issue bonds that would pay 1 percent to 3 percent, as long as the proceeds were spent on shutting a coal plant. If PNM had to issue bonds on its own to do the same thing, it might have to pay interest of 6 percent to 8 percent, the lawmaker says. The exact rates would depend on a variety of factors, but “we’re talking about real money,” Candelaria says. Ron Darnell, senior vice president of public policy for PNM, calls the strategy “an equitable way to facilitate the transition to newer, cleaner energy resources.”More: Buy Bonds, Kill Coal States turn to bond market to fund decommissioning of coal plantslast_img read more


first_imgKorbinJones6.5030thYes JamesHinman1114.0158thPR TIMEPlaceMedal WHS Boys Var.5K raceGradeTIMEPlaceMedalPers.Rec. JackWright6.201stYes CarsonLeGrand1212.4625th EmberlyGonzalez915.187thYesPR JaxCornejo6.332ndYes WHS Boys JV2 mile raceGradeTIMEPlaceMedalPers.Rec. DakotaDry1021.2558th Date:  Tuesday, Sept. 13thRaces start at 4:00 P.M. WELLINGTON MIDDLE School CROSS COUNTRY results KimberlyMorgan8.262ndYes HudsonLawrence7.256thYes KatrinaDvorak10.5412thYes WillLong1212.5029thPR MontanaHeacock914.0461stPR Date:9/10/16 AustinSoles914.0360thPR TIMEPlaceMedal JohnLong916.1685thPR TylerBrown919.0220thYesPR 6th Grade Boys RyleeMurray9.1773rd Where: Wellington Hargis Creek Watershed MEET:Wellington Hargis Creek Watershed   MackenzieHeacock915.4811thYes QuintonRedford912.1615thYes AveryBarker914.384thYesPR Thursday, Sept. 15th – Races Start at 4:30 p.m. AshtynSowersby11.545thYes WHS Girls JV2 mile raceGradeTIMEPlaceMedalPers.Rec. Date:9/10/16 WELLINGTON MIDDLE School CROSS COUNTRY results LakinSmith7.1146thPR TannerMeyer10.1029thYes ZachKristek11.5466th AndrewWolf1112.016thYes BerkeleyWright12.1170thcenter_img 8th Grade Girls1.5 milesTIMEPlaceMedalPer.Rec MorganBacon8.3161st HunterBryant914.5573rd 7th Grade Boys1 mileTIMEPlaceMedalPer.Rec MEET:Wellington Hargis Creek Watershed KadinHeacock1121.0754thPR TrinityMason13.4060th HopeMaxwell915.218thYesPR 8th Grade Boys1.5 milesTIMEPlaceMedalPer.Rec MEET:Wellington Hargis Creek Watershed OliviaSpeagle8.5569thPR JordynYoung916.2016thPR ChanceHamel1019.4739thYesPR ChristianSnipes9.169thYes BillyWalker912.057thYesPR TobyHenning9.256thYes Where:  Goddard -  Lake Afton CamdenParkey7.0944th 6th Grade Girls Next meet for 6th Grade Runners AsereaChampion8.171stYes DerickKotchavar914.0763rdPR PeytonFranke9.343rdYes Freshman Tyler Brown was Wellington’s top placer in the varsity 5K race.by Tracy McCue, Sumner Newscow —  It was Saturday morning, and Wellington Cross Country head coach Charles Wallace had a dilemma on his hands.He had 720 cross country runners scheduled to arrive in Wellington. But the town just had more than five inches of rain in the past 48 hours and Hargis Creek Watershed was a muddy mess.Since the north side of Hargis was pretty much under water, Wallace implemented an alternate south route at Hargis, getting the highest elevation possible for the runners. And it was just dry enough to pull off the race, although most runners finished the race in splattered mud.In the end, 603 of the 720 middle school and high school runners  came to Wellingto and the event went on without a hitch. Only the Chaparral team was unable to attend. There were a lot of other absentees.Wichita West would win the varsity boys with 44 points, outdistancing second place Arkansas City in the varsity race. Valley Center would win the girls.Wellington did not have enough runners to qualify as a team in either the boys or the girls 5K varsity races. Still, WHS featured 22 high school, 14 WMS and 10 sixth grade runners. Fifteen high school runners got personal bests.Freshman Tyler Brown was Wellington’s highest placer finishing in 20th place with a 19.02 time in the 5K race. He, too, got a personal record. Chance Hamel finished 39th with a 19.47 time, which was also a PR. Both boys finished with a medal.In other highlights, five of the six JV girls runners medalled. Wallace said some of the girls will be running the varsity 5K race in the near future. The girls JV race is a two-mile event.In the middle school ranks, Toby Henning placed sixth in the 1.5 mile eighth grade race. Wellington also swept the sixth grade races with Jack Wright finishing first for the boys, and Aserea Champion placing first for the girls.Wellington High School runners travel to the Anthony Lake Golf Course next Thursday with the race starting at 4:30 p.m.The middle school runners are running at Lake Afton Tuesday, starting at 4 p.m.The full Wellington cross country results are as follows: Next meet for WHS Runners will be at the Anthony Lake Golf Course BlakeBales1115.1277thPR JamesCarey11.5968th Date:9/10/16  Cool – course soggy KeatonHartman7.044thYes JoTredway1214.495thYes Close Forgot password? Please put in your email: Send me my password! 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BraedenYbarra7.1656th DanielGarver7.597thYes 7th Grade Girls1 mileTIMEPlaceMedalPer.Rec Date: Wednesday, Sept. 14thRaces start at 5:00 pmlast_img read more