EIA: Coal-Fired Power Capacity to Drop Nearly 25% by 2029

EIA: Coal-Fired Power Capacity to Drop Nearly 25% by 2029

EIA: Coal-Fired Power Capacity to Drop Nearly 25% by 2029

November 10, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Coal-powered electricity generation in the U.S. is maintaining its downhill slide, according to the U.S. Energy Information Administration (EIA).

Citing a number of factors ranging from competition with natural gas and renewable energy to the expiration of coal-friendly tax credits, the EIA's Today in Energy report said this week that 23% of the 200,568 megawatts (MW) of coal-fired capacity currently operating in the U.S. has reported plans to retire by the end of 2029.

Companies featured: Duke Energy (NYSE:DUK), Vistra Corporation's (NYSE:VST)

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