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Sep 21, 2013
09/13
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. >> this coal fired power plant in kemper county, mississippi, due to go online next may, could be the first one worldwide to use carbon capture and storage technology. cost overruns have pushed the price tag to $4.7 billion, nearly $2 billion more than original projections. it's also been approved for $270 million in energy department grants and millions more in tax credits. >> you can't look at the results of one plant, which is only 70%, 75% done, and apply that to an entire industry. >> environmental groups, however, say the epa standard will create demand for that new technology, a more likely scenario, lawsuits from the utility industry over the new epa proposed rule, as well as guidelines in the works for existing power plants a year from now. for "nightly business report" i'm hampton pearson in washington. >>> and still ahead, could new rules make safe money market funds more risky? but first a look at this week's top performing stocks on the s&p 500. >>> shares of blackberry tumbled today and that's putting it nicely. they were even halted from trading late in the session. now
. >> this coal fired power plant in kemper county, mississippi, due to go online next may, could be the first one worldwide to use carbon capture and storage technology. cost overruns have pushed the price tag to $4.7 billion, nearly $2 billion more than original projections. it's also been approved for $270 million in energy department grants and millions more in tax credits. >> you can't look at the results of one plant, which is only 70%, 75% done, and apply that to an entire...
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Sep 21, 2013
09/13
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FBC
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the kemper plant is highly sensitized demonstration plant that has not even that brought on line no they it has to go back commercial scale in they even dispose of the liquid co2 that is not usually the case. melissa: now they say there is no way to comply? receives a you have to invest in the technology. >> that is other than coal and it is the kill col period it also makes it more expensive to do natural gas and prices will go up. >> that is false. >> it is not also say with gap in trade or steep carbon tax. melissa: there are estimates it will raise energy prices by 20 percent. for the average person. >> regulations over existing plants would potentially raise prices. these proposed rules are over brand new power plants that have not been built in the combined cycle natural-gas power plants can easily meet the new standards set by the epa. that technology is already on line in the united states melissa: you both did a great job. as we did learn a lot. the looks like it to be lights out with the eyes of the shutdown of going higher the house passed a temporary spending bill also defund
the kemper plant is highly sensitized demonstration plant that has not even that brought on line no they it has to go back commercial scale in they even dispose of the liquid co2 that is not usually the case. melissa: now they say there is no way to comply? receives a you have to invest in the technology. >> that is other than coal and it is the kill col period it also makes it more expensive to do natural gas and prices will go up. >> that is false. >> it is not also say with...
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Sep 23, 2013
09/13
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CSPAN
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kemper is a southern company facility. i will tell you, i can't speak to will whether it's over budget. i've certainly read that, but the one uniqueness you need to understand about kemper that i think makes it really not a good comparison, if you are wondering, or a good model, if you are wondering if ccs is going to be cost effective and available, again, we have four facilities currently in the construction phase. you know, at least one is 75% complete, that's integrating ccs into the design of the facility. but the kemper facility is actual think very unique, not just in the ccs but it has other unique technologies being tested by the southern company because they have some proprietary oversight over those technologies. so it isn't just the ccs. i think it's the actual gas turbine that is different. so there's a lot of things different and unique about that facility which really tells me that there may be a lot more going on than just whether ccs in its traditional way can be put on that facility and work cost effectiv
kemper is a southern company facility. i will tell you, i can't speak to will whether it's over budget. i've certainly read that, but the one uniqueness you need to understand about kemper that i think makes it really not a good comparison, if you are wondering, or a good model, if you are wondering if ccs is going to be cost effective and available, again, we have four facilities currently in the construction phase. you know, at least one is 75% complete, that's integrating ccs into the design...
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Sep 20, 2013
09/13
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CSPAN
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kem -- kemper is a southern company facility.e certainly read that, but the one uniqueness you need to understand about kemper that i think makes it really not a good comparison, if you are wondering, or a good model if you are wondering if c.c.s. is going to be cost effective and available, again we have four facilities currently in the construction phase. ou know, at least one is 75% complete, that's integrating c.c.s. into the zivene the facility. but the kemper facility is actual think very unique, not just in the c.c.s. but it has other unique technologies being tested by southern company because they have some proprietary oversight over those technologies. so it isn't just the c.c.s., i think it's the actual gas turbine that is different. so there's a lot of things different and unique about that facility which really tells me that they -- there may be a lot more going on than just whether c.c.s. in its traditional way can be put on that facility and work cost effectively. >> i would be remiss not to ask one of the many que
kem -- kemper is a southern company facility.e certainly read that, but the one uniqueness you need to understand about kemper that i think makes it really not a good comparison, if you are wondering, or a good model if you are wondering if c.c.s. is going to be cost effective and available, again we have four facilities currently in the construction phase. ou know, at least one is 75% complete, that's integrating c.c.s. into the zivene the facility. but the kemper facility is actual think very...
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Sep 24, 2013
09/13
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CSPAN2
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. >> following up we have a couple of questions about the kemper project. given the experience, what are your conclusions at this point? >> that is a good question. in case you do not know it, a cap-and-trade company facility i will tell you, i cannot speak to whether it is over budget. i have read that, but the one uniqueness you need to understand a model if you are wondering if it will be cost-effective and available. we have four facilities currently in the construction phase. at least one of them is 75% complete. that is integrating into the design of the facility. the campus facility is very unique, not just in the fact that it has ccs, but other unique technologies to being tested by sun company because they have some proprietary oversight of its technologies. it is not just ccs. it is the actual gas turbine that is different. there are a lot of things different which tells me that there may be a lot more going on . >> i would be remiss. we will take this one. what will your approach be to regulation and enforcement? how does that fit with the policy
. >> following up we have a couple of questions about the kemper project. given the experience, what are your conclusions at this point? >> that is a good question. in case you do not know it, a cap-and-trade company facility i will tell you, i cannot speak to whether it is over budget. i have read that, but the one uniqueness you need to understand a model if you are wondering if it will be cost-effective and available. we have four facilities currently in the construction phase....