- The Trump administration touts the resurgence of coal during the frigid two weeks of weather in the U.S. as proof of the need for coal as part of the country’s energy mix, while also trying to put a positive spin on Monday’s defeat of Energy Secretary Perry’s plan to subsidize coal and nuclear plants.
- Coal provided more than 40% of the electricity in the eastern and midwestern U.S., with nuclear the second biggest power provider and natural gas number three.
- Grid operator PJM Interconnection says the weather caused three of its 10 highest demand days for electricity over the last four years, adding that climate modeling and adequate planning helped it avoid any loss of power.
- The surge in coal use did not help the industry at the Federal Energy Regulatory Commission, which on Monday unanimously rejected Perry's plan to reward coal and nuclear power plants for their ability to store fuel on-site.
- ETFs: XLE, VDE, ERX, OIH, KOL, ERY, DIG, BGR, FENY, IYE, DUG, FIF, RYE, PXJ, CRAK, FXN, DDG, NANR, FTXN, JHME, ERYY, ERGF
- Now read: Crude Oil Has Significantly Out-Performed OIH Since June
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