This was is the way it always going to happen. The market shifts after a slow pivot.Then it was going to bust loose suddenly. Clean Energy was going to chase coal all across the globe as it fought a rear guard action. Then it would become a novelty – OH LOOK they still use that stupid stuff. Then people will marvel at all the damage it had done and it would go away.
This Indiana utility may have just put the final nail in coal’s coffin
The embers of the coal industry have been slowly fading in recent years, despite efforts by the Trump administration to reignite the flames.
But an announcement this week from a northern Indiana utility — in the heart of a state that ranks in the top 10 for both coal production and consumption — suggests the end may be nearer than some expect.
After having already announced plans to speed up the retirement of its coal power plants, the Northern Indiana Public Service Company said this week that it will switch to renewable energy to make its electricity instead.
Why? Because it’s cheaper. A lot cheaper, they said, to the tune of more than $4 billion over a few decades. Still, those long-term savings might come with a short-term price. The utility is asking for a raise in its rates to upgrade infrastructure.
Go there and read. More next week.