U.S. Coal-Fired Power Plant Retirements Could Reach 55,000 Megawatts in Coming Decade

SUGAR LAND, TEXAS--February 8, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Later this month, the U.S. will officially rejoin the Paris Agreement to limit emissions of carbon dioxide (CO2) from power plants in an effort to stave off global warming. In the run-up to that date, and pursuant to President Joe Biden's goal of decarbonizing the power sector, coal power plant operators continue to announce plant retirements. Between 2011 and 2020, about 106,000 megawatts (MW) of coal-fired capacity have been retired in the U.S., according to Industrial Info. Over the next decade, 2021-2030, another 55,000 MW of coal-fired capacity is slated for retirement. Within this article: Coal-fired power units scheduled for near-future closure Companies featured: Morgan Stanley (NYSE:MS), NRG Energy Incorporated (NYSE:NRG), Alliant Energy Corporation (NASDAQ:LNT), Vistra Corporation (NYSE:VST) , Southern Company (NYSE:SO), Xcel Energy Incorporated (NASDAQ:XEL), PPL Corporation (NYSE:PPL), ALLETE Incorporated (NYSE:ALE)