March 21, 2017 Read More →

In ‘Deepening Industry Decline,’ 2 Coal-Fired Electricity Plants in Ohio Will Close Next Year

Reuters:

Electricity company Dayton Power & Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry.

Dayton Power & Light, a subsidiary of The AES Corporation, said in an emailed statement that it planned to close the J.M. Stuart and Killen plants by June 2018 because they would not be “economically viable beyond mid-2018.”

The plants along the Ohio River in Adams County employ some 490 people and generate about 3,000 megawatts of power for coal.

The closure follows negotiations between Dayton Power & Light, the Public Utilities Commission of Ohio and stakeholders like the environmental group the Sierra Club over whether the company should be allowed to raise electricity prices to pay for upgrades to keep the plants open.

“They are by far our largest employer and it will absolutely be devastating to our community here in Ohio,” Michael Pell, president of First State Bank in Winchester, Ohio, said in a telephone interview. Pell, one of several local community leaders who have lobbied to keep the plants going, has become a spokesman for Adams County on the issue.

He said that as the industry moves away from coal, state and federal authorities should help the county create other jobs and clean up environmental damage from the plants.

The plants sit at the heart of a region Trump vowed to revitalize with more jobs and greater economic security during his 2016 campaign. As part of his pledge to reinvigorate the area, Trump also said he would “bring back coal.”

U.S. power companies retired or converted over 14,000 MW of coal-fired plants in 2016 after shutting a record of over 17,000 MW in 2015, according to Thomson Reuters data.

In 2015, coal used to produce electricity fell to its lowest level since 1984, Federal Energy Regulatory Commission data showed. That year, coal-fired generators produced 33 percent of the nation’s total generation, down from over 50 percent in 2003.

Two Ohio coal-fired plants to close, deepening industry decline

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