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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

by UnEstranAvecVueSurMer (holopherne ahem gmail) on Fri Apr 9th, 2010 at 11:18:45 AM EST
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