Old King Coal doesn’t stand a chance

❝ Despite plummeting wholesale electricity prices in some areas of the US as well as essentially flat electricity demand in recent years, natural gas and renewable capacity is still being built…

❝ In 2016, the Energy Information Agency notes, natural gas-fired electric generation in the US increased by 3.4 percent; non-hydroelectric renewables like wind, solar, biomass, and geothermal increased by 15.7 percent; and conventional hydroelectric power grew by 7.5 percent. Coal electric generation, on the other hand, fell by 8.4 percent in 2016.

RTFA for details. Still, unless you believe the rant of fools like Trump, you shouldn’t be surprised.

11 thoughts on “Old King Coal doesn’t stand a chance

  1. BOHICA says:

    Jan 3, 2017: “New Mexico’s largest electric provider plans to get out of the coal business sooner rather than later and is proposing legislation that could ease the sting of closing a coal-fired power plant that has served customers around the Southwest for decades. http://www.power-eng.com/articles/2018/01/public-service-co-of-new-mexico-seeks-legislation-to-ease-coal-closure-costs.html Public Service Co. of New Mexico wants legislative approval for a mechanism that would address how the utility recovers hundreds of millions of dollars in stranded costs that will result from closing the San Juan Generating Station earlier than planned.
    The utility closed two units at the plant in December as part of an agreement to curb haze-causing pollution in the Four Corners region. It plans to close the remaining units in 2022, citing market conditions as a wave of utilities across the country look to divest their coal resources.
    The New Mexico utility expected to recover as much as $560 million over the course of two decades through traditional financing, but an early closure changes the equation. By financing undepreciated capital through the highest rated bonds possible, utility officials say shareholders could still collect nearly 60 percent of that while saving customers $160 million.
    The method has been used in other states, including in Florida where lawmakers passed a measure in 2015 that cleared the way for a utility to recover costs associated with the premature retirement of a nuclear power plant.”
    See also ” Power Failure : How utilities across the U.S. changed the rules to make big bets with your money” https://www.postandcourier.com/news/power-failure/article_434e8778-c880-11e7-9691-e7b11f5b3381.html

  2. Jimmy Click says:

    Photo (caption): “Robert Murray and Rick Perry embrace during a March 29, 2017, meeting over Murray’s action plan for saving coal companies.” https://img.washingtonpost.com/rf/image_1484w/2010-2019/WashingtonPost/2017/12/08/Others/Images/2017-12-08/Meeting_with_BM_4.JPG Energy Department photographer Simon Edelman is seeking whistleblower protection after the department placed him on administrative leave and seized personal belongings he kept at the office after he gave official photos to The Washington Post and In These Times magazine of a March 29 meeting between coal mining executive Robert Murray and Energy Secretary Rick Perry hugging after discussing an “action plan” for overhauling federal energy regulations. https://www.washingtonpost.com/business/economy/rick-perry-hugged-a-coal-baron-this-photographer-got-the-picture-then-he-lost-his-job/2018/01/17/ac52a2a8-fbd0-11e7-ad8c-ecbb62019393_story.html?utm_term=.242ad6a09e74
    “How a Coal Baron’s Wish List Became President Trump’s To-Do List” https://www.nytimes.com/2018/01/09/climate/coal-murray-trump-memo.html

  3. Molly Maguire says:

    More than half of the coal produced in the U.S. comes from five companies, with the largest company producing one in every five tons. https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=43856248&cdid=A-43856248-10542
    Peabody Energy Corp. far outproduced any other coal company in 2017 with 156.7 million tons from U.S. operations, a 20.3% share of the total coal produced in the U.S. Nearly two-thirds of Peabody’s production came from a single mine, the North Antelope Rochelle mine in Wyoming, which is itself responsible for 13.1% of the coal produced in the entire country.

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