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There is renewed talk of a coal power comeback in the United States, inspired by Donald Trump’s return to the presidency and forecasts of soaring electricity demand.
The evidence so far only shows that some plants are getting small extensions on their retirement dates. This means a slowdown in coal’s rate of decline, which is bad for the environment, but it does little to change the long-term trajectory for the domestic coal industry.
In October, I wrote about how five of the country’s 10 largest coal-fired power plants had retirement dates. Today, I’m revisiting the list, providing some updates and then taking a few steps back to look at US coal plants as a whole. Consider this the “before” picture that can be judged against the “after” in four years.
Some coal plant owners have already pushed back retirement timetables. The largest example, this one from just before the election, is the Gibson plant in Indiana, the second-largest coal plant in the country. It’s set to close in 2038 instead of 2035, following an announcement in October from the owner, Duke Energy.
But the changes do not constitute a coal comeback in this country. For that to happen, power companies would need to be building new plants to replace the many that are closing, and there is almost no development of new coal plants. //
The United States had about 176,000 megawatts of coal plant capacity as of October, down from about 300,000 megawatts in 2014.
The coal plants that do remain are being used less. In 2023, the average capacity factor for a coal plant was 42 percent. Capacity factor is a measure of how much electricity a plant has generated relative to the maximum possible if it was running all the time. In 2014, the average capacity factor was 61 percent.