POWER October 2021 - 45

COAL POWER
of the power plant and other facilities on the property, and
repurposing the property upon project completion for environmental
or community use to drive local economic growth
and increase the wellbeing of its citizens.
The repurposing of the remediated site at project end
typically includes uses such as renewable energy, light industrial,
restoration of natural habitat for marine and other
wildlife, community use areas, or mixed-use including retail,
while the ash from remediated site ponds and landfills is
beneficially recycled in the production of " Green Concrete. "
This ERT approach not only benefits the environment but
also provides economic benefits as it creates local professional
and trade jobs, contributes to local business activity,
supports the tax base, and lowers the costs for the utility
and its ratepayers.
Decommissioning That Eliminates Utilities' Risks While
Benefiting the Environment and Communities
Utilities or power plant owners can typically choose to tackle
power plant decommissioning projects in one of two ways.
They can self-perform the decommissioning work or they
can sell the property and all of the assets to another company,
such as Charah Solutions, which then performs the
decommissioning work, environmental remediation work,
and repositions the property for future use while assuming
related environmental liabilities and insurance obligations.
Benefits of selling the property and transferring the environmental
liabilities and insurance obligations to another company
include:
■ Elimination of all environmental risk and insurance obligations
related to the retired asset from the utility's balance
sheet as these risks are transferred as part of the agreement.
■
Controlled and known cost investment to complete the
project as an upfront amount is determined for project management
and land acquisition, and the responsibility is then
transferred for project completion.
■ Reduced cost exposure to ratepayers and shareholders.
■ Already-secured financing to ensure budget success for
completion of the entire project.
■ Shorter time to project completion as these services are
completed at a faster pace given the expertise and experience
of handling these specific services on a daily basis
including power plant shutdown; demolition; asbestos removal;
remediation of the coal combustion residuals (CCR)
ponds and landfills; marketing of the byproducts for reuse
into multiple industries; design engineering; construction
quality assurance/construction quality control (CQA/CQC)
testing; assessment, planning, and execution of the land
reclamation plan; working with the local government bodies
to ensure economic benefits and community use of
the space; and more.
■ Guarantee of project completion per agreed to scope of
work and project completion dates as the utility places
control and oversight with a company that specializes in
these complex remediation and reclamation projects.
■ Streamlined management of a single partner to handle
turnkey decommissioning, remediation, and repurposing
work at the site versus qualifying, hiring, and managing a
large number of contractors to handle the many specific
tasks that need to be completed throughout the course of
the entire project.
October 2021 | POWER
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POWER October 2021

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