Ryan Hardy, energy market expert at PA Consulting Group, is quoted in an article in S&P Global Platts “Megawatt Daily” newsletter. The article discusses the construction stoppage at the V.C. Summer Nuclear Station, and the resulting 2,200-MW capacity gap.
Ryan says that the 2,200 MW could be “backfilled with two combined-cycle gas turbines that could be built for slightly over $2 billion on a capital basis. By comparison, it would take at least an additional $16 billion to bring Summer online.”
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Commenting on SERC coal plant retirements, he adds: “The coal retirements will probably still happen. They won’t come off if there is a reliability threat, but there is some room with regard to capacity margins.”