U.S. Coal-Fired Power Plants Stumbled Into 2020
America's coal-fired power plants sank to new lows in 2019. Investors hoping last year marked a bottom won't find any relief in the latest electricity data.
The nation's coal fleet generated only 65 terawatt-hours of electricity in January 2020, according to numbers compiled by the U.S. Energy Information Administration (EIA). That marked a 35% decline from the year-ago period and the first time in decades that coal-fired power plants failed to deliver more than 100 terawatt-hours of electricity in January.
The latest numbers confirm what individual investors likely already know: The United States is increasingly ditching coal in favor of natural gas and renewable energy. That poses challenges and opportunities for your portfolio.
Source Fool.com