Why America’s Gas Power Boom Could End in Disaster

There are over 100 new gas fired power stations under construction in the US. The US Energy Information Administration (EIA) projects that domestic gas demand will rise 6% next year as some of those new plants enter commercial operation. All we can say is this is not likely to be a blip but rather a new, higher, demand baseline. These new gas power plants are designed to last more than thirty years. As we’ve said before, this is the transition in central station power generation that the US utility industry has long hoped for. And it…