The $ 4 Million per MW seems high to us, and the price tag doesn't help stimulate the market but this is a huge vote of confidence on the part of Duke. Read more...
Earlier, the Southern Company announced plans to build 2 100 MW plants to also come online in 2014. Read more...
Looks like these two run the same math (and watch each others moves pretty carefully).
These are just announcements, so they can change them later but I suspect that this is a 'get ahead of the cap-and-trade' wave. Caps will be determined between now and 2014 and if biomass, coupled with replanting, gets scored at somewhere near carbon neutral then the utilities can utilize these plants to meet demand growth and avoid having to pay market prices for carbon credits.
All in all, a very sensible solution.
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