Now Mr. Beal, 66, is betting that he can turn back the inroads of alternative energy. He is arguing before federal regulators that California policies discriminate against generators powered by fossil fuels like natural gas and coal as the state promotes sources like solar and wind power.
Mr. Beal’s interest arises from his 2017 purchase — through Beal Bank — of the La Paloma natural gas power plant in California’s Central Valley, which had fallen into bankruptcy as the state faced a glut of generating power….
An excerpt from NY Times