Coal no longer king of the power industry

By artappraiser on Thu, 07/12/2012 - 7:59pm |

Marketwatch, July 12, 2012

SAN FRANCISCO – The Energy Information Administration flung an amazing little factoid out there this week that went largely unnoticed: In April, for the first time ever, natural gas-fired power plants put as much electricity on the U.S. power grid as coal-fired power plants.

A decade ago, natural gas accounted for about a quarter of U.S. power generation while coal accounted for more than half. In April they converged at 32% of overall generation each. Natural gas proponents could not have envisioned in their wildest dreams their “clean, cheap, abundant” fuel of choice would catch up with coal as quickly as it did [....]

URL:

http://www.marketwatch.com/story/coal-no-longer-king-of-the-power-industry-2012-07-12?reflink=MW_GoogleNews&google_editors_picks=true