Magellan Energy, Ltd. (MGLG)

[t h i n k f i s h]

A federal judge has ordered GAS x10 for 2010

Here is a good news article for Natural Gas, for all who have not seen this. Good Luck for all those who sold. Etrade can buy and sell MGLG, I filled up this week.
2010 - 2013 is going to be a GAS GAS GAS for Magellan Energy for the need of 10x more GAS required then Tennessee currently produces.

PEACE
t h i n k f i s h +gas=MGLG=$$$$$

http://www.timesfreepress.com/news/2009/aug/24/tva-may-shutter-aging-coal-fired-plants/

A federal judge has ordered to install more than $1 billion in pollution upgrades on the plants by the end of 2013. But TVA has yet to budget any money for the improvements.

These plants need to be either converted to a cleaner fuel and technology, such as combined-cycle natural gas, or they need to be shut down, he said. "In the carbon-constrained world we are moving into, it no longer makes sense to run these types of old and dirty plants," Dr. Smith said.

With an average age of 47.1 years, TVA's fleet of 11 coal plants is the oldest of any major U.S. utility, TVA Chief Financial Officer Kim Greene said.

Progress Energy Corp. announced last week it will shut down three coal-fired power units near Goldsboro, N.C., and apply for regulatory approval to replace the coal generation with natural gas-fired units.

Environmental activists want TVA to shut down the oldest and least efficient coal-fired plants to limit air pollution and greenhouse gases linked with global warming. Stephen Smith, executive director of the Southern Alliance for Clean Energy, urged TVA to phase out the oldest units at the Widows Creek, John Sevier and Johnsonville plants or convert those units to more efficient gas-fired units.

In next year's budget, TVA plans to begin building an $820 million, combined-cycle, gas-powered plant to replace the generation at the John Sevier plant. With power demand down because of the recession, TVA also has reduced power production this year from the oldest six units at Widows Creek.

TVA's coal-fired plants, on average, are the oldest of any Southern utility.

Utility Average age

Tennessee Valley Authority 47.1 years

Duke Power in Carolinas 43.7 years

Kentucky Power 41.5 years

Appalachian Power 40.3 years

Progress Energy Carolina 35.7 years

Alabama Power 34.9 years

Georgia Power 34.4 years

FYI

$100 investment HTDS in DEC.08 could of gained you $20000

think about that.....

PEACE