"Clean Coal" Plant:
Costs are "Off the charts" for coal fired
HCCP flunks its
Fred Pratt Analysis:
Widely respected analyst and former News Miner business columnist Fred
Pratt reported in 1991 that "HCCP
flunked all the cost-benefit tests".
on HCCP: For every dollar invested in HCCP, a net benefit of 61
cents was expected, according to "Comparison
of Eight Railbelt Energy Projects", Legislative Research Report
91.025, dated November 30, 1990.
HCCP power costs
are non-competitive: Chugach Electric Association General Manager
informed Mike Kelly that Chugach
could deliver power to GVEA for significantly less than HCCP. In
1997, Chugach sold power to GVEA for for half
the wholesale price of power from HCCP, based on Appendix I Table
1-1, of the "Draft Environmental Impact Statement" for the
Fairbanks-Healy Intertie, dated 12/11/97.
costs for coal fired power plants:
million/megawatt: Typical construction costs
for coal-fired power plants. Source: U.S. Department of Energy 2007
survey of 151 US coal-fired power plants, planned for construction
by 2030, with a combined capacity of 89,500 megawatts, and a total cost
of $145 billion.
Railbelt coal fired
powerplant construction cost estimates:
HCCP cost estimate from "Application for New Certificate of Public
Convenience and Necessity to Provide Electric Service (Generation Only)",
Alaska Indistrial Development and Export Authority, December 11, 1991,
Stone and Webster estimate for 50 MW coal-fired powerplant in the railbelt,
Railbelt Intertie Reconnaissance Study, June 1989, Page 2-4.
Actual HCCP construction
cost: Off the charts and growing
Costs to date for the $300 million Healy Clean Coal Plant, excluding
additional startup costs that will range between $80 million to $125
$1.6 to $2.5
million/megawatt add-on: Don
Young secured House approval for a $125
million loan, (reduced to $80 million in the 2005
energy bill), for restarting HCCP.