From: The Motley Fool
NRG Energy has some outside-the-box views of the energy industry. Now it’s following along with stodgy, old-school Southern Company on the carbon capture front, though. Maybe this carbon capture thing is a real possibility after all.
Big trouble or big opportunity
If Southern Company’s results are any indication, NRG Energy and its shareholders could be in for a rough ride trying to deploy this largely untested technology. In 2013, Southern Company dinged shareholders for $0.83 a share for Kemper cost overruns. Add in the $0.27 a share charge in the first quarter and shareholders have $1.10 a share worth of reasons to dislike carbon capture technology.