October 8, 2018 Read More →

Despite Trump and Rick Perry’s best efforts, another coal plant eats the dust in Texas

Texas Observer:

Chalk this one up as another loss for the White House.

Last month, American Electric Power (AEP) announced that it would close its 650-megawatt power plant in Vernon, a rural community of 11,000 just south of the Texas-Oklahoma line, by September 2020. The closure of the Oklaunion Power Station is the latest in a string of shuttered coal-fired power plants across the state: Since 2011, at least six have been mothballed, scheduled for retirement or closed altogether, casualties of cheap natural gas and a booming renewables sector.

While it’s not shocking that another Texas coal plant has succumbed to market headwinds, it is somewhat surprising that Oklaunion was the latest casualty. At only 31 years old, it’s more than two decades away from the typical retirement age of 54. The plant was also running relatively efficiently until 2013, according to the Institute for Energy Economics and Financial Analysis. Plant efficiency has dropped in the years since, however, sapping profits and forcing AEP to pull the plug. The impending closure maps a tough road ahead for Texas’ aging fleet of coal plants, some of which also face the prospect of installing expensive new pollution controls to comply with Obama-era environmental regulations.

Despite Trump and Rick Perry’s Best Efforts, Another Coal Plant Eats the Dust in Texas

Posted in: IEEFA In the News

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