Even in the heart of America’s energy industry, coal can’t catch a break.
In the past week, Vistra Energy Inc. has announced that it’s shutting three big Texas power plants that run on the fuel, citing low electricity prices and competition from cheap natural gas and renewable energy. The closures build on a national trend: Coal accounted for less than a third of U.S. power generation last year, down from 50 percent a decade ago, government data show.
The plant shutdowns in Texas underscore how abundant gas from shale basins, along with the plummeting cost of power from wind...
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