The coal industry's decline has been a long time coming, thanks to an aging fleet of power plants. True, the Supreme Court's pending decision on the legality of the administration's carbon-cutting Clean Power Plan could dramatically speed coal's demise.
The United States is closing 46 coal-fired generating units at 25 electricity plants across 16 states over the next few years, transitioning to natural gas or intentionally closing them, and a new report shows that this will likely result in eliminating about 30 million tons of annual coal demand by the end of 2018.
Utility coal power closures driven by market economics were a regular occurrence throughout 2017. While President Donald Trump's "Energy Dominance" agenda gave the false impression that federal efforts could revive coal, 27 coal-fired plants totaling 22 gigawatts (GW) of capacity were announced for early closure or conversion in 2017 ...
As a presidential candidate, Donald Trump promised to help revive the struggling coal industry. It's looking like a tough promise to keep. In the past three weeks, owners of two of the nation's biggest coal-fired power plants have announced plans to shut them down, potentially idling hundreds of workers.
U.S. power firm Vistra Energy Corp said on Friday that it would shut two coal-fired plants for economic reasons, as closures in the industry continue apace despite the environment regulator saying this week he wanted to end the "war on coal."