The situation
Your starting point
It is 1980, and your utility runs on two coal plants of different ages. They are familiar assets, but their future output and operating costs will make standing still an expensive decision.
The next twenty years are about managing the handover from the old fleet to the new one. There is no single retirement date that solves everything: capacity, construction time, financing and customer prices all have to fit together.
The choices
What will you do?
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Replace capacity before it disappears
Use the outlook for aging plants to plan construction. Starting a replacement after a shortage begins may leave a long gap.
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Choose what succeeds coal
Compare new generation by the service it can provide and what the company can afford. The cheapest project may not cover every hour you need.
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Keep customers through the change
Watch reliability and prices together. Losing the customers who fund your transition makes the remaining work harder to pay for.
Put your plan to the test
Build the company that comes after coal while the old company is still paying the bills.
Build, watch what happens, and try a different approach. The grid is yours to run.