Completed in 1974, Monroe Power Plant will be the last one standing in 2030
❝ All year, Donald Trump has been promising to rescue the US coal industry by repealing various Obama-era pollution rules and ending the “war on coal.” And all year, analysts have pointed out that he probably can’t stop the collapse of the coal industry — since coal’s woes go far beyond the Environmental Protection Agency.
But if you want a perfect example of why Trump will struggle to bring back coal, just look at Michigan.
❝ Last weekend, the CEO of Michigan’s largest electric utility reiterated that his company is still planning to retire eight of its nine remaining coal plants by 2030 — whether or not Trump tries to repeal President Obama’s climate policies…
Gerry Anderson’s reasoning was simple. Coal is no longer the economic choice for generating electricity, due to relentless competition from cheaper (and cleaner) natural gas and wind power. In Michigan, a new coal plant costs $133 per megawatt hour. A natural gas plant costs half that. Even wind contracts now cost about $74.52 per megawatt hour, after federal tax credits. “I don’t know anybody in the country who would build another coal plant,” Anderson said.
❝ What’s more, Anderson added, surveys show that most of Michigan’s consumers want to add more renewables “if it can be done at reasonable cost.”
❝ It’s not just Michigan. This dynamic is playing out all over the country, as coal plant after coal plant succumbs to competition from cheap natural gas and wind. Over at Politico, Michael Grunwald estimates that US power plants are now on track to emit 27 percent less carbon dioxide in 2016 than they did in 2005.
What’s remarkable is that this is all happening before Obama’s Clean Power Plan even takes effect. That rule, which is still tied up in court, aimed for a 30 percent cut below 2005 levels by 2030. We’re almost there already. So it’s clear that scrapping the CPP, as Trump has pledged, won’t help coal power make a huge comeback.
Not that reason, efficiency and cost mean much to Republicans and other Trump Chumps. The vicarious thrill of turning back regulations designed to make life healthier for most folks is almost as visceral a pleasure as, say, machine-gunning a basket of kittens.