Progress to Shut Small North Carolina Coal Plant

Reuters reported that Progress Energy’s (NYSE:PGN) Weatherspoon coal plant is expected to shut down by October 1.

The market news is quoted as saying:

Weatherspoon is one of dozens of old, small coal power plants in the United States expected to shut over the next several years because it costs less to replace the coal units than upgrade emissions equipment needed to meet increasingly more stringent state and federal environmental rules.

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