Entergy's Bill Mohl Earlier today, William (Bill) Mohl, President, Energy Wholesale Commodities, Entergy Corporation, testified before the U.S. House Energy and Commerce Committee 's Subcommittee on Energy and Power. His testimony was concerned with why it was important for the nation to maintain a diverse portfolio of energy sources. We've excerpted a couple of passages from the speech below ( bold emphasis mine ): Another way of looking at the economic value of existing U.S. nuclear generation is to consider the potential cost of replacing it. Based on data publicly available from the U.S. Energy Information Administration, Entergy has calculated that building gas-fired Combined-Cycle Gas Turbine (CCGT) plants to replace the approximately 101,000 megawatts of capacity provided by U.S. nuclear plants would cost between $100 and $110 billion dollars . An investment of this magnitude to replace an existing asset class would be enormous for the U.S. power industry. T...
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