by F-line to Dudley via Park
Brideport Harbor is still going strong. But their rail siding to the adjacent NEC viaduct was ripped out 4 decades ago. They get all their deliveries by barge on Long Island Sound, which ends up a whole lot cheaper than delivery over land.
I wouldn't make any bets about long-term viability of coal power. The market is so incredibly volatile as to be year-to-year unprojectable. And in terms of mining bankruptcies, literally month-to-month unpredictable as far as the last 2 years are concerned. Private utilities--especially the ones that own lots of plants--have no qualms about idling single power stations if scales get tipped against profitability. Even the modern ones can and have turned on a dime like that. Modern components in a shuttered plant can just be salvaged to equip another one. Project a 3-5-year unfavorable market that makes Bow look stagnant in their portfolio, and it can still get blinked out of existence in an instant. Even if at >5-year levels it looks likely to normalize. There is no such thing as a 10-Year Plan in coal anymore. The volatility has outstripped the wisdom of even attempting to play a long game.
That's why NS and PAR have written it off even though the traffic has yet to totally disappear. They've shifted their outlook on Bow to treating it as strictly "found money" until the day it no longer is. Full firewalling mode.
I wouldn't make any bets about long-term viability of coal power. The market is so incredibly volatile as to be year-to-year unprojectable. And in terms of mining bankruptcies, literally month-to-month unpredictable as far as the last 2 years are concerned. Private utilities--especially the ones that own lots of plants--have no qualms about idling single power stations if scales get tipped against profitability. Even the modern ones can and have turned on a dime like that. Modern components in a shuttered plant can just be salvaged to equip another one. Project a 3-5-year unfavorable market that makes Bow look stagnant in their portfolio, and it can still get blinked out of existence in an instant. Even if at >5-year levels it looks likely to normalize. There is no such thing as a 10-Year Plan in coal anymore. The volatility has outstripped the wisdom of even attempting to play a long game.
That's why NS and PAR have written it off even though the traffic has yet to totally disappear. They've shifted their outlook on Bow to treating it as strictly "found money" until the day it no longer is. Full firewalling mode.