30 Jul '15, 7pm

Why Coal Companies Are Collapsing in Such Spectacular Fashion

Pretty much everything bad that could happen to the coal industry is happening . Global coal demand is slumping; low natural gas prices and competitive renewables are shifting the energy mix in America; and a slew of regulations are speeding up the closure of coal power plants. Since 2012, more than 40 U.S. coal companies have filed for bankruptcy . And just this week, Peabody Energy, one of the largest coal firms in the world, reported $1 billion in quarterly losses. In this week’s show, we’ll talk with Taylor Kuykendall , a coal reporter with SNL, about all the factors contributing to coal’s demise. Then, we’ll discuss new grid rules in California that will allow companies to aggregate distributed resources and bid them into wholesale electricity markets. And we’ll end with a look at Hillary Clinton’s proposed plan to install 140 cumulative gigawatts of solar in America ...

Full article: http://www.greentechmedia.com/articles/read/why-coal-comp...

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