Coal Power Plant Closures to Cut Coal Demand by 28 Million Tons or More

SUGAR LAND--May 18, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Annual demand for coal by U.S. power producers will fall at least 28 million tons, and possibly more, by the end of 2018 as announced power plant closures, conversions and curtailments cut into demand for coal, according to a recent report from the Institute for Energy Economics and Financial Analysis (IEEFA) (Cleveland, Ohio). The author of that report, Seth Feaster, told Industrial Info his estimate was "conservative" because it excluded plants and units that have not yet been publicly designated for closure, conversion or curtailment.

Other companies involved: Peabody Energy Corporation (NYSE:BTU), Cloud Peak Energy Incorporated (NYSE:CLD), Tennessee Valley Authority (NYSE:TVC), Westmoreland Coal Company (NASDAQ:WLB), Duke Energy (NYSE:DUK) and Oklahoma Gas & Electric (NYSE:OGE).

Within this article: Details on the reasons for the fall of U.S. coal demand.