Friday, March 11, 2011

Exelon CEO ... Sees No Need to Encourage New Supply

Atomic Insights Blog: Exelon CEO Thinks Electricity is Cheap and Clean Enough Already - Sees No Need to Encourage New Supply

Here's a response to Exelon's CEO... and a good one.

In the speech Rowe notes being driven by profit motives on the carbon trading issue - and then proposes strangling supply and decommissioning the old coal, which apparently he doesn't own.  He even tells you his profits are now dependent more on the price of natural gas than anything his company does - and then lays out a strategy to increase demand for natural gas, presumably driving up the price.

So he does essentially tells us he's been playing everybody, and then does so again from a new angle.

Rod Adams has a point.

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