WVU professor: Murray bankruptcy heralds coal industry decline
Last month’s bankruptcy of coal giant Murray Energy Corp. is yet another sign that West Virginia’s coal industry will continue to shrink as power plants make the necessary transition to less costly fuel options such as natural gas, according to a WVU energy expert. “Electric utilities are accelerating the retirements of their existing coal plants, as their long-term plans show that it is cheaper for ratepayers to build new, efficient natural gas-fired generating plants or renewable facilities, either wind or solar, than to continue to run existing coal plants,” James Van ...