It would be interesting to break down the new gas generation capacity between the less efficient, but lower capital cost, turbine peaker plants and the more efficient combined cycle plants.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

predicated on natural gas being quite cheap

Jerome hammers every so often that this is not the main driver of investment in gas fired plants.

Instead, he argues, debt financing terms favor short recoup times and thus production characterized by low capital costs.

One could add that being margin producers, gas-fired plant owners in practice do not have to worry about gas prices as they are electricity price setters.

Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine