As the coal industry continues to decline even President Trump’s promises can’t keep companies from declaring bankruptcy.
Another indication was Murray Energy, the nation’s largest privately owned coal producer and the third largest overall,Dow Jones U.S. Coal IndexEIA’s data shows
that, “between 2010 and the first quarter of 2019, U.S. power companies announced the retirement of more than 546 coal-fired power units, totaling about 102 gigawatts of generating capacity.” It also appears that in the past few years power generation companies are willing to retire larger and newer plants than previously. The EIA has found that, “Coal-fired units that retired after 2015 in the United States have generally been larger and younger than the units that retired before 2015. The U.S.
If this trends continues future retirements should continue to have a large impact on coal miners, even though fewer plants are closing.
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