Firms Look To Renewables To Prop Up Lagging Power Market

摘要

Although the power market has taken a hit over the past year, not all the news is bad. The Obama administration's stimulus plan encourages the development of renewable resources and the rebuilding, expansion and modernization of the nation's power-delivery network.rnBut the market for coal-fired powerplants has been hurt badly by the increasing likelihood of a federal carbon law, and questions remain about how many new nuclear units will actually be built. At the same time, the continuing credit crunch has slowed to a crawl development of independent powerplants.