Coal-fired power station

First, the U.S. Court of Appeals for the D.C.

Circuit vacated a previous emergency order for Michigan's J.H. Campbell coal plant, which the secretary issued back in May of 2025.

Again, the plants had planned to retire, and you now have the secretary ordering private companies to keep these plants open.

Now, if the D.C.

And what are we going to do? Believe it or not, you may be funding some of the craziness.

But what do I mean? I don't mean you're cutting them a check.

I mean, you're doing business with companies that are supporting organizations that may be trying to shut down all the coal plants or are trying to kill the Greenland deal.

See, you're doing business with companies and they're funding these organizations that you disagree with with your money.

We know that there's clean electricity regulations coming in.

We know that our coal power plants are really old infrastructure.

Basically, all unabated coal power is to be abated by 2030.

And then 2035, our last carbon capture coal plant would be shut down.

So Saskatchewan still uses coal to operate their grid.

It's a very different context in terms of the climate and the ideal or what is perceived as the ideal mix of generation to have on the grid.

While Most people would probably say, let's get all the coal plants off the grid.

The utility has basically entered into a contract that says we're allowed to have this for another 10 or 15 years, as long as that sort of original agreement was.

And so it becomes really tricky then financially about how do you allow a utility to sort of make their money back that they were guaranteed to make while also getting their assets off of the grid more quickly.

And there's different financial techniques that have emerged to try to do this with varying degrees of success.

Yeah, maybe you could give us some examples.

I know, for instance, you talk a lot in the book about kind of how we can think about these sorts of things to look at coal plants, as you mentioned, and like when they do or don't get shut down.

Yeah, yeah.