Wave of Coal Retirements Coming by 2016

http://ift.tt/1oGN1j1 There will be many more closures of coal-fired power plants around the country over the next two years than has been announced thus far, according to the Energy Information Administration. As of December 2013, data from power plant companies that reported their plans to the EIA over the next few years suggests that utilities will close 40 gigawatts of coal capacity by 2016. A mix of low electricity demand, low natural gas prices, and environmental regulations are forcing coal plants out of the market.However, the EIA projects in its Annual Energy…

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