coal-fired power plants

Elliot Management buys large stake in Duke Energy

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Hopefully ratepayers won't get bitten in the process:

Elliott has not yet released any letters or presentations on the company, but based on past investments in this area and the level of engagement, we expect that they have a $1B+ investment in Duke. With the annual meeting recently passing, director nominations for next year are not due until January 2022, so management has time to prove itself.

However, we do not expect Elliott to sit by quietly during that time. We expect them to become vocal and engaged shareholders putting pressure on management to create value. The right plan could create tens of billions of dollars of value for shareholders.

I'm not even going to try to analyze this just yet, no amount or strength of coffee will aid me in interpreting Stock Talk. But that "creating value" thing has the hairs on the back of my neck standing up. That being said, this could also signal a quicker end to coal-burning power plants and a more aggressive move to renewables:

Climate Change and the electric vehicle vs gas debate

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Where you live is an important factor:

As vehicles powered by electricity make up a larger percentage of the nation's fleet over the next generation, demand for electricity could surge. That extra power has to come from somewhere — and right now, nearly two-thirds of electricity generated in Michigan comes from burning fossil fuels.

This is a subject that comes up *every single time* I get into a debate with climate change deniers, when discussing zero-emissions electric vehicles. But unlike many of their other arguments, there is more than just a grain of truth in their position. When you tap power from the grid, it makes a direct connection with "how" that grid generates its power. If we choose to ignore that, we're no better than those who ignore all the costs associated with other forms of industrial pollution. Before we proceed, here's a related personal anecdote:

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