31 May '17, 10pm

Three Coal Plants Close the Same Day Trump Said to Exit the Paris Climate Agreement

Three Coal Plants Close the Same Day Trump Said to Exit the Paris Climate Agreement

As news broke today that President Trump is planning to withdraw from the Paris climate agreement, two East Coast companies made final arrangements to shutter three coal-fired power plants. On June 1, Public Service Enterprise Group, the parent of PSEG Power, will retire the two largest coal plants remaining in New Jersey. The Mercer and Hudson generating stations will close on Thursday, as inexpensive natural gas continues to force coal off of the grid in states across the country. Natural gas prices hit their lowest levels in nearly 20 years in 2016. Meanwhile, U.S. coal use declined by 18 percent nationwide last year, and coal production in all major regions fell by at least 15 percent, according to the Energy Information Administration . “The sustained low prices of natural gas have put economic pressure on these plants for some time. In that context, we could not just...

Full article: https://www.greentechmedia.com/articles/read/three-coal-p...

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