Coal – Page 19 – Oil & Gas 360

NatGas Turbines Replacing Coal-Fired Generation in Ohio

November 17, 2014

Private Equity Partnership Announced to Construct NatGas Power Plant Energy Investors Funds (EIF), an energy-focused private equity firm, and I Squared Capital, an independent global infrastructure investment manager, announced that they have formed an equity partnership to construct the Oregon Clean Energy Center (OCEC), a greenfield 869 megawatt combined-cycle fired generation facility to be located in Oregon, Ohio. EIF, through

Coal is Down, but Far From Out

November 11, 2014

Despite shrinking domestic numbers, demand for coal is growing internationally Recent years have been difficult for the coal industry in the United States. James River Coal Co. (ticker: JRCCQ) laid off a quarter of its workers, and Consol Energy Inc. (ticker: CNX), another major player in the coal industry, sold off five Appalachian mines to privately held Murray Energy, representing

Graph of the Week: Coal is Back

October 16, 2014

Surprise: The EIA predicts more coal will be used to generate electricity this year than in 2013. But they believe coal’s downtrend will resume in 2015. In 2013, 39.1% of U.S. power was generated by burning coal. In 2014 that will increase to 39.8%, but will fall to 38.7% in 2015, the EIA said. Natural gas fueled 27.4% of U.S.

U.S. Coal Exports Drop 16% in First Half of 2014

October 3, 2014

U.S. coal exports continued to decline from record volumes in 2012, according to an EIA report out today. In the first half of 2014, U.S. coal exports were at 52.3 million short tons (MMst), down 16% from the export levels in the first half of 2013. The EIA attributes the drop to reduced demand for steam coal from Europe and

China Looks Away from Coal

July 31, 2014

China is the world’s largest consumer of coal. According to the EIA, almost 70% of the energy China used in 2011 came from coal. However, China announced last year that it plans to cut back on coal in favor of cleaner forms of energy. Chinese Premier Li Kequiang said, “China will wage war against smog weather,” CCTV, a Chinese news organization,

Reporting Live From the EPA Hearing on Proposed Carbon Dioxide Rules

July 30, 2014

It was a cold, rainy day in downtown Denver when an Oil & Gas 360® reporter was greeted in the bathroom at the EPA office building: “Lovely weather out there, huh? Even God’s saying there’s a carbon problem!” The U.S. Environmental Protection Agency announced in June that its stated goal is to reduce U.S. carbon dioxide emissions by 30 percent by 2030.

The Consequences of EPA’s CO2 Restrictions – Part Two

July 24, 2014

On January 17, 2008, President Obama said, “If someone wants to build a coal power plant, they can, it’s just that it will bankrupt them…” That promise is coming into fruition now. Last month, the EPA revealed its Clean Power Plan, which aims to lower carbon dioxide (CO2) emissions by 30% by 2030, in relation to levels from 2005. The

What the EPA’s Clean Power Plan Means for the Oil & Gas Industry

June 11, 2014

On June 2, 2014, the Environmental Protection Agency (EPA) moved to the second phase of its Clean Power Plan. According to the EPA, the Plan “cuts carbon pollution from existing power plants, the single largest source of carbon pollution in the United States. Today’s proposal will protect public health, move the United States toward a cleaner environment and fight climate change

Nuclear Is NOT a Future Power Technology Solution

August 29, 2013

Entergy Corporation (NYSE: ETR) announced plans on August 27, 2013, to close and decommission its Vermont Yankee Nuclear Power Station in Vernon, Vermont. The station is expected to cease power production after its current fuel cycle and move to safe shutdown in the fourth quarter of 2014. The station will remain under the oversight of the Nuclear Regulatory Commission throughout

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