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[quote user="RME"]In my humble opinion, I think the situation is quite different. Any utility or component supplier concerned with coal combustion looks well ahead of pending legislation to determine how to allocate capital.[/quote] You are right, they look ahead. On the other hand they'll stay with what they have until forces by regulation to do something. They might plan for the upcoming interim steps and the final goal but they haven't changed yet. The demise of coal until today has nothing to do with the Clean Power Plan in my opinion. Forthcoming losses may well be caused by CPP if it ever gets implemented. We had a similar situation when the Schroeder (SPD) administration planned to exit nuklear power generation. The utility companies even entered a contract with the government about the timeline of the phaseout till 2022 in June 2000. But they didn't prepare, they gambled that a new CDU-lead government would revise the contract. That happened and the utility relaxed. But then came Fukushima and the government decided they wanted to get out of nuklear power generation within the limits of the old contract. The utilities were caught by surprise being prepared for nothing. The utilities lost more than 50% of the shareholder value if I recall correctly. Regards, Volker
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