Texas Coal Plant at Risk of Shutdown Has Lost Half Its Appraised Value

first_imgTexas Coal Plant at Risk of Shutdown Has Lost Half Its Appraised Value FacebookTwitterLinkedInEmailPrint分享Goliad (Texas) Advance Guard:The merger announcement Oct. 30 between Coleto Creek Power Plant owner Dynegy and the Vistra company has raised questions about the future of the plant.Fears that it might be sold, closed – or both – stem from Vistra’s history of closing its coal-powered power plants.Seventeen days before the two companies announced their intention to merge, Vistra announced it was closing three of its coal-powered plants – in Austin, Houston and East Texas.Vistra CEO Curt Morgan reportedly blamed the decision on wholesale power prices, an oversupply of renewable generation and low natural gas prices.Analysts note the difficulty in today’s wind-farm and solar-panel environment for any coal-powered plant to see a profit.Earlier this year, in a research analysis entitled “The Beginning of the End,” The Institute for Energy Economics and Financial Analysis (IEEFA) noted that “Fundamental changes in the Texas electricity market are putting coal-fired power plants under increasing economic and financial stress, including:Natural gas becoming competitive because of its price collapse.Increased competition from wind- and solar-generating facilities.New public and environmental regulations.“These circumstances,” the report says, “have combined to undermine the profitability of the companies and public power utilities and power agencies which own coal-fired power plants.”The Coleto Creek plant is among seven coal-fired plants in Texas the IEEFA lists as “at risk.”Miller notes that since 2007, “we have seen a general decline in the value of the power plant.”In 2006, the appraised value was $290,468,000. In 2018, the value is $155,000,000 – a drop of 47 percent.Should the plant close, Miller says, the immediate effect would be a loss of $3.4 million to that tax base.Broken down, the loss to the county would be $1.2 million, and to Goliad Independent School District, $1.9 million.“The loss of the plant would have serious repercussions for the community as a whole,” Miller says. “Some serious choices would have to be made. Many don’t realize that Coleto Creek is an integral part of the community.”Nothing immediate is expected because the planned merger is not expected to be finalized until spring, if then.More: No change to power plant status until springlast_img read more

Alberto El Patron irked by Tito Ortiz’s support of Donald Trump ahead of politically tinged Combate fight

first_imgView this post on Instagram We are doing MMA great again in @combateamericas and this week…it’s fight week in #dallastexas go and witness why we have the best ratings, the best live events and why everybody talks about Combate Americas around the world 🌎 #sisisiseeyouthere . . Amigos es Semana de Combate Americas con #combatedallas y nosotros seguimos con la misión de hacer el deporte del #mma grande otra vez y al mismo tiempo seguir dándole al peleador latino el lugar que se merece en nuestro deporte. Los esperamos este viernes 1 de noviembre para que vivan una noche de Mucha Más Acción 👊🏻 . . #albertodelrio #albertoelpatron #doscarasjrA post shared by Alberto El Patron (@prideofmexico) on Oct 29, 2019 at 1:53pm PDTThe promo was El Patron’s way of plucking at both the 45th Commander-in-Chief and Ortiz in one shot … and for good reason.The former WWE superstar and first Mexican WWE champ doesn’t appreciate Trump’s divisiveness, especially in accordance to the portrayal the president paints of Mexicans entering the U.S.“I was born in Mexico, but I was made in America,” El Patron told Sporting News. “I’ve had the privilege of becoming American this year on the day of my birthday, May 25. Of course, I’m proud of being Mexican, I’m proud of being brown, but I love this country. Just like me, there’s millions and millions of people coming to this country to work hard and live the American dream.“But the moment you start pointing fingers and saying this country is this, this country is that, these people are this, these people are that, you make people fight,” he continued. “When you say Mexicans are this and that, you put the people, not just the country, but the people in a really bad place.”The fact that Ortiz, whose father is Mexican, is a proud and open Trump supporter makes El Patron cringe even more. He’s aware of Ortiz appearing on Trump’s former reality show “The Celebrity Apprentice,” but can’t believe that the former UFC champ agrees with the president’s ideals.“I don’t understand why he’s wearing that red hat saying Making America Great Again,” El Patron said of Ortiz donning the MAGA hat. “America has never stopped being great.Join DAZN and watch more than 100 fight nights a year“The last time we saw each other, he was wearing a Border Patrol hat,” he added. “He said it was to pay respect to those heroes defending our borders. But why are you doing this when you’re in front of a Mexican that was born in Mexico?”Those political differences helped pave the way for El Patron to face Ortiz in a Combate Americas pay-per-view Saturday night in what has been billed “Tito vs. Alberto: Which side are you on?” The clash will take place at the Payne Arena in Hidalgo, Texas, right at the U.S.-Mexico border for good measure. The cameras started recording and Alberto El Patron began cutting a promo right on cue as if he were still with the WWE.“Let’s make MMA great again!” he said, his arms crossed, wearing a President Trump-like wig. “That’s what we’re doing in Combate Americas. Titio Ortiz … you and I are going to be facing each other inside la jaula (the cage in Spanish) December the 7th.” Join DAZN and watch more than 100 fight nights a year While Saturday is a jam-packed day for combat sports, with Andy Ruiz Jr. vs. Anthony Joshua 2 happening in Saudi Arabia and the UFC in Washington D.C., Combate has been able to generate plenty of interest with this politically-driven card. Jorge Masvidal, the UFC’s newly-crowned BMF champion, will reportedly be part of Combate’s broadcast booth offering what’s bound to be colorful commentary on Tito vs. Alberto.While El Patron is part of Combate’s front office, he couldn’t pass up the opportunity to pull a Triple H-like move and fight on one of the cards he’s helping to promote.“We’re committed to make this company grow even more,” El Patron said.last_img read more

Mason Rudolph: ‘We’re Soldiers, We Never Stop Fighting’

first_imgMason Rudolph and his squad came out flat on Saturday at home against Iowa State, trailing by as much as 17 points when there was just 18 minutes left in the game. But the Cowboys stayed poised despite the deficit, and rode a surge behind their junior quarterback to win, 38-31.“We just kept battling, man,” Rudolph said in an interview with ESPN. “We’re soliders. We just keep battling. That’s the way Coach Gundy has trained us. The defense did a hell of a – a great job – getting a bunch of stops there at the end. They got the crowd involved, and we were able to finish the job.”In 21 career starts, Saturday’s second half comeback was Mason Rudolph’s seventh career second half comeback. If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers!last_img read more