Power Plants Bloom Even as Electricity Prices Wilt

Mony
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A glut of gas flowing out of U.S. shale fields is fueling a power plant construction boom in several northeastern states, despite fierce competition that has caused wholesale electricity prices to plummet.

The key for electricity producers is location, location—preferably close to cheap natural gas. By building there, firms can access nearby fuel supplies and tap transmission lines to move megawatts to market.

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