Sentences with phrase «plunging cost of natural gas»
But those coal plants are closing down faster than American Airlines terminals, thanks to the plunging cost of natural gas, boots - on - the - ground campaigns from anti-coal activists, and, to a lesser degree, the ambiguous specter of EPA pollution regulations.
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The price of natural gas plunged some 70 percent while the cost to generate electricity from natural gas declined about 40 percent.
The plunge in natural gas prices caused a collapse in the price of natural gas - fueled electricity, which has slumped below the production costs of nuclear plants.
Plunging natural gas prices, however, offered Progress Energy an alternative that would save money and help it achieve pollution goals at the same time: scrapping the coal plants and replacing them with two gas plants over the next four years, at a cost of $ 1.5 billion.