This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Arthur Gallagher's CEO Discusses Special Clean Energy Investments - Special Call Transcript

So many people has asked me what do these things look like? So let’s turn to Page 5. Page 5 is a picture of a clean coal plant. You’ll see in the green circle, these are the storage units where we store the chemicals. In the orange oval, that’s the mixer. You can see a temporary conveyer belt putting the coal into the mixer, and if you look kind of behind that larger conveyer belt, you’ll see the clean coal coming out and being returned into the stack. This portion of the plant costs about $1 million to build and then obviously can be depreciated over time, so it’s about a $600,000 after-tax cost.

After those components are built, if you turn to Page 6, what we do is we put the components in housing and we connect it permanently to the host utility. In the red circle, you can see all the components that go into housing the clean coal plant. You’ll see how coal runs up a conveyer belt, it drops down into the mixer, the storage facility you can see there in green, and then as the refined coal returns back up into the utility where it’s burned. The cost to connect and house the plant is approximately $4 million, and then we get to depreciate that over time, so after-tax it’s about $2.4 million.

Page 7 shows an illustration of where this clean coal plant sits in a general schematic of a coal power facility. You can see the clean coal plant sits between the coal yard and the boiler or the furnace, and the rest of the schematic shows you how water turns into steam, steam turns the turbine, and electricity is generated and goes on a transmission line. So that’s the location, a generalized view of the location of the plant.

Stock quotes in this article: AJG 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs