Entergy 2007 Annual Report Download - page 24

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Entergy Corporation and Subsidiaries 2007
technologies to market. A realistic carbon price signal will also encourage
greater supply-and demand-side eciency as well as more economic non-
emitting renewable and nuclear capacity.
Another issue aecting carbon prices is nuclear waste disposal. We need
to break the political gridlock on that issue and deal with it. In the event that
coal retrot technology proves elusive or expensive, the new nuclear option
will be critical to moderate the expensive increased dependence on price-volatile
natural gas that would inevitably result.
We can’t and shouldn’t shield consumers from the energy price eects.
Customer eciency measures and conservation in response to retail energy
prices are two of the most cost-eective sources of carbon control. e price
eects need to be implanted gradually but steadily, over a 10-year period,
through an increase in the price ceiling. Getting the price signals out there
and starting to make the changes now will be cheaper in the long run and
certainly better than waiting until it’s too late. Bottom line, we need a
robust, 10-year price signal.
4. SU P P O R T RE S E A R C H A N D DE V E L O P M E N T
R&D spending for coal retrot technology and long-term
carbon sequestration is essential. Otherwise, our options
will be more limited and more expensive. It takes time,
and we are already behind.
Entergy provides funding to the Electric Power
Research Institute’s CO2 Capture and Storage
program to gain valuable insights into a range of
carbon capture processes and long-term carbon
storage options. We also support the Gulf Coast
Carbon Center’s eorts to test the viability
of storing CO2 in geologic formations.
However, we recognize that something other
than pure market forces will be needed to
fund a portion of the investment in R&D
on post-combustion capture technology.
Why? Private capital will not invest billions
to address a problem before it is known
whether we have the political capital
and political infrastructure to implement
domestic and global controls.
Delaying action now means more drastic
emissions reductions over the coming decades,
accompanied by exponentially escalating costs.
Bottom line, we need a stream of revenues directed
to clean coal R&D and deployment – now.
“A smart carbon policy can protect the irreplaceable value of a clean
22
THE VALUE TRILOGY
Coming Soon
ENTERGY CLASSIC
SPINCO
JV
Pending
Approval
DISTRIBUTION
The transaction plan – now in the can – awaits final approvals.
Distribution is scheduled for 2008. This film is not yet rated.
The Making of The Value Trilogy