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Energy, most read: More coal to retire in 2018; FirstEnergy to shut 3 nukes


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Energy, most read: More coal to retire in 2018; FirstEnergy to shut 3 nukes

S&P Global Market Intelligence presents the most read stories for the week ended March 29.

1. More coal capacity scheduled to retire in 2018 than each of past 2 years

U.S. power producers plan to take at least 11.4 GW of coal-fired power plant capacity offline in 2018, more than has been retired in a single year since 14.7 GW of coal capacity was retired in 2015.

2. DOE sounds alarm again on pending US coal, nuclear plant retirements

After a failed attempt to secure market support for certain coal-fired and nuclear power plants, the U.S. Department of Energy released a study March 27 that said future retirements of those plants could have an adverse impact on grid reliability during severe weather events.

3. Citing market conditions, FirstEnergy plans to shut 3 nukes in PJM region

FirstEnergy Corp. notified the regional grid operator PJM Interconnection of its plans to retire three nuclear plants in the next two to three years due to poor market conditions.

4. Report: Falling cost of renewables, batteries is 'chilling' for fossil fuels

Dramatic cost declines for wind, solar and battery technologies are threatening to knock coal and natural gas-fired power plants out of global electricity markets, Bloomberg New Energy Finance said in a March 28 market report.

5. Dominion Energy to pursue asset sales, debt financing to boost near-term credit

Dominion Energy Inc. announced March 27 that it will pursue debt financing of its Cove Point liquefied natural gas facility and the sale of noncore assets, which could include its interest in Blue Racer Midstream LLC, in order to reduce parent-level debt and boost the company's near-term credit profile.