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Wednesday, August 09, 2017

Utility Loses $2 Billion In One Year Trying To Make Obama’s Climate Agenda A Reality

Southern Company reported a loss Wednesday of $1.38 billion in the second quarter of 2017, one year after it reported $623 million in profit for the second quarter of 2016, The Wall Street Journal reports.

The $2.003 billion difference is due almost entirely to a $2.8 billion pre-tax charge Southern Company took after its Mississippi Kemper plant failed as a “clean coal” energy source.

The plant’s low-carbon, “breakthrough” technology was supposed to take coal and, through a process called gasification, combine it with oxygen and water to create synthetic gas and steam. The synthetic gas, or syngas, fuels a gas generator while the steam is collected and used to power a steam generator, according to Forbes.



Anonymous said...

So company can't efficiently use their technology, BLAME OBAMA

Anonymous said...

Obama , we are commin to get you you SOB

Anonymous said...

Send the bill to Barack.

Anonymous said...

Make him run his mansions (plural) on wind and sun only!

Anonymous said...

Germany made fuel from coal during WWII. Why is that process not being repeated?