TXU Commits to Coal

The New York Times:

Even as some utility executives are joining environmentalists in seeing future controls on carbon emissions as inevitable, TXU is betting that it can beat the consensus, placing a $10 billion wager on 11 new coal power plants that will produce copious amounts of global warming gases for decades to come.

[On Monday, TXU announced that in addition to 9,000 megawatts of capacity in Texas, it is considering 7,000 to 14,000 more megawatts of capacity in other parts of the country, possibly including the Northeast and Midwest, which would make it a national player in the industry.]