President Shitstain Can Say What He Wants, But 40 US Coal Plants Will Still Close By 2021
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In the next four years, utilities have plans to close 40 coal units, federal figures show. Six closures have been announced since Trump's victory in November.
Vectren Corp., a utility based in Evansville, Ind., said in December that it expects to close two coal plants by 2024. Dayton Power and Light Co. announced in January it will close two massive coal plants in southern Ohio next year. And in Arizona, four utilities voted last week to shut down the Navajo Generating Station in 2019. The plant played the vital role of powering the set of canals that deliver drinking water from the Colorado River to Phoenix and Tucson.
The spate of closures underlines the challenges facing President Trump, who ran on a promise of revitalizing the coal industry. Utilities, beset by stagnant power demand and presented with cheaper alternatives like natural gas and wind, have shown little appetite for returning to the fuel that long powered the American economy. "Unless those fundamentals change in some deep and fundamental way, I don't see how you get anything other than rapid elimination of coal plants and certainly not any new ones," said William Hogan, a professor of energy policy at Harvard University.
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Others believe Indiana has moved too slowly and risks being left behind. While the Hoosier State's reliance on coal has dropped, about three-quarters of its power still comes from coal. Nationally, that figure hovers around a third. Indiana's continued reliance on coal means the state is not investing in new jobs and new technologies, said Kerwin Olson, executive director of the Citizens Action Coalition, a consumers group. It also means Indiana ratepayers pay more when utilities invest in environmental upgrades to coal plants rather than switching to lower-cost fuels, he said.
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