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General Electric to Scrap California Power Plant 20 Years Early

June 26th, 2019

Via: Reuters:

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.

Related: GE Bet on Fossil Fuels, Lost Nearly $200B in Misjudging Renewable Energy Transition

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