NEWS: Cash for coal ‘clunkers’

While we’re here: Analysts say coal prices would need to fall by half to regain competitiveness compared to gas or renewables. (Semafor)

  • Utilities with large coal fleets—including Duke, NextEra, and Southern Company—declined to say whether the Trump administration’s new coal push will alter their strategies.

  • “This funding is essentially cash for clunkers,” Brendan Pierpont, director of electricity modeling at the think tank Energy Innovation, told Semafor, “but without trading in the clunkers.”

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