Healy "Clean Coal" Plant:
Costs are "Off the charts" for coal fired power plants

HCCP flunks its cost-benefit analysis:

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".

Negative return 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.

Typical construction costs for coal fired power plants:

$1.6 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:

$3.8 million/megawatt: 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, Page 21.

$3.32 million/megawatt: 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

$6 million/megawatt: Costs to date for the $300 million Healy Clean Coal Plant, excluding additional startup costs that will range between $80 million to $125 million.

$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.