Global Technologies Group, Inc. (GTGP)

[narnia1000]

More HUGE money waiting to be spent:

The Dayton Power and Light (DP&L) unit of AES Corp. (NYSE: AES), along with co-owner Duke Energy (NYSE: DUK), plans to deactivate the coal-fired, 414-MW Beckjord Unit 6 in April 2015.

“On July 15, 2011, Duke Energy, co-owner with DP&L at the Beckjord Unit 6 facility, a 414 MW power plant, filed their Long-term Forecast Report with the Public Utilities Commission of Ohio (‘PUCO’),” said the May 4 Form 10-Q filing of AES. “The report indicated that Duke Energy plans to cease production at the Beckjord Station, including the jointly-owned Unit 6, in December 2014. This was followed by a notification by Duke Energy to PJM, dated February 1, 2012, of a planned April 1, 2015 deactivation of this unit. DP&L is considering options for its Hutchings Station, a six unit power plant with 365 MW of total capacity, to comply with the Utility MACT standards.”

Environmental regulations, including the Utility Maximum Achievable Control Technology (MACT) rule, make it likely that the Indianapolis Power & Light (IPL) unit of AES could retire several of its existing, primarily coal-fired, smaller and older units within the next several years, the Form 10-Q added. These units are not equipped with the advanced environmental control technologies needed to comply with existing and expected regulations, and collectively make up less than 15% of IPL’s net electricity generation over the past five years. IPL is continuing to evaluate options for replacing this generation. IPL is currently reviewing the impact of the new Utility MACT rule and estimates total additional expenditures for IPL related to this rule to be $500m to $900m through approximately 2016.

http://generationhub.com/2012/05/07/the-dayton-and-indianapolis-units-of-aes-look-at-c