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KM Financial Solutions | UPDATE 2-General Electric to scrap California power plant 20 years early
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UPDATE 2-General Electric to scrap California power plant 20 years early

20 Jun UPDATE 2-General Electric to scrap California power plant 20 years early

Posted at 23:58h in News by
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General Electric Co
said on Friday it plans to demolish a large power plant it owns
in California this year after only one-third of its useful life
because the plant is no longer economically viable in a state
where wind and solar supply a growing share of inexpensive
electricity.

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