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Natural gas is “wiping out” coal and nuclear

By: SmartGridNews.com |

NRG Energy President and CEO David Crane told the audience at a Wall Street Journal conference that “natural gas is in the process of wiping out the coal industry” and is “wiping out the nuclear industry quicker than we thought.” NRG owns a large fleet of power plants and Crane warns that “to depend completely on one fuel is a disaster. We have to make sure natural gas doesn’t become the mono fuel for the power industry.”

Crane had another warning as well. He believes we’ll soon live in a world where many customers generate their own electricity. By rooftop PV perhaps. Or by natural gas-fired microturbines or fuel cells.