Hundreds of Coal-Fired Electricity Units Face Closure

Bloomberg reported that a new report suggests that  as many as 353 coal-fired electricity unit are facing closure in the U.S. because of the prohbitive costs of installing pollution controls.

As quoted in the market report:

The Union of Concerned Scientists said in a report released today that an additional 59 gigawatts of electric generating capacity from coal plants could be shuttered, representing more than 6 percent of all U.S. electricity used. Those changes are warranted because many of those rarely used plants have already outlived their 30-year lifespan and generate the most emissions of harmful pollutants and greenhouse gases, the report said.

To view the whole Bloomberg report, click here.