July 29, 2012
Facing declining demand for electricity and stiff federal environmental regulations, coal plant operators are planning to retire 175 coal-fired generators, or 8.5 percent of the total coal-fired capacity in the United States, according to an analysis by the Energy Information Administration (EIA).
A record-high 57 generators will shut down in 2012, representing 9 gigawatts of electrical capacity, according to EIA. In 2015, nearly 10 gigawatts of capacity from 61 coal-fired generators will be retired.
While many of those coal plants are old and relatively inefficient, the scope of this new planned shutdown is unprecedented.
“The coal-fired capacity expected to be retired over the next five years is more than four times greater than retirements performed during the preceding five-year period,” EIA noted in the analysis.