The Energy Information Administration reported July 27 that coal plant owners and operators expect to retire nearly 27 GW of capacity from 175 coal-fired generators by 2016 – four times the capacity amount retired between 2007-2011. This year, 9 GW are expected to be retired, making it the largest one-year amount to date. The agency indicated six factors that were likely contributing to the expected reduction: modest electricity demand growth; relatively lower cost of operating natural gas-fired generators; environmental compliance costs; other compliance costs, including states’ renewable portfolio standards; aging coal-fired generators; and the spare capacity available at natural gas-fired combined cycle power plants.
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Coal plants retiring rapidly
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter and Sarah Litke
- USA
- July 29 2012
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Ting Sim
Legal Counsel
Shell Eastern Petroleum