ScottMadden, Inc., one of North America’s leading energy consulting firms, has released a new report focused on coal plant decommissioning. This report explores the drivers of coal plant closures and recommends the approach generation companies should use to ensure equity and management control throughout the decommissioning process.
A large number of coal plants are expected to retire within the next five years. Generation companies that operate coal-fired facilities must carefully make and execute the decommissioning decision to ensure more than just financial prudence. The human element of retiring an older coal plant requires careful consideration and execution to ensure employees are treated fairly, regulators are provided adequate notice, and the company’s public perception is not harmed. How do you plan a successful plant decommissioning? What key components should be included in the plan?
“Closing a coal plant is a big decision for a generation company. These are very large assets that have operated in the local community for decades and have large staffs. Companies need to be intentional about their business operations while concurrently sensitive to multiple stakeholder groups, including the staff, unions, and community. Successful generation companies ensure line-of-sight management over the process while executing via an integrated project plan,” said Todd Williams, partner and fossil practice co-leader at ScottMadden.
ScottMadden has assisted multiple generation companies to effectively analyze, plan, and execute plant decommissioning projects. Let us help you with plant decommissioning and other fossil generation initiatives.
About ScottMadden’s Energy Practice
We know energy from the ground up. Since 1983, we have been energy consultants. We have served more than 300 clients, including 20 of the top 20 energy utilities. We have performed more than 2,400 projects across every energy utility business unit and every function. We have helped our clients develop strategies, improve operations, reorganize companies, and implement initiatives. Our broad and deep energy utility expertise is not theoretical—it is experience based.
About ScottMadden, Inc.
ScottMadden is the management consulting firm that does what it takes to get it done right. Our practice areas include Energy, Clean Tech & Sustainability, Corporate & Shared Services, and Grid Transformation. We deliver a broad array of consulting services ranging from strategic planning through implementation across many industries, business units, and functions. To learn more, visit www.scottmadden.com | Twitter | Facebook | LinkedIn