Coal industry expects more regulation under Obama's second term

Coal Power

Following President Barack Obama's reelection for a second term, some in the energy industry are expecting to face tougher restrictions as he continues to tackle climate change.

A Washington Post blog reported Obama's second term could have significant implications for energy and climate policy, and the bigger initiatives taken during the last four years are not likely to be repealed. This includes strict fuel economy standards on automobiles as well as regulations on coal-fired power plants.

According to Bloomberg, coal stocks in the United States took a hit after Obama was reelected Tuesday, November 6. Peabody Energy Corp. and Alpha Natural resources fell by 9.6 percent and 11 percent, respectively. Arch Coal Inc., Consol Energy Inc., James River Coal Co. and Walter Energy Inc. also reported declines.

An analyst told Bloomberg that many see another Obama term as a negative for the coal industry, as the Environmental Protection Agency increased its regulatory oversight on the industry under the president's first term.

The day of the election, the EPA approved a five-year permit for the last coal-fired power plant in Connecticut. The Bridgeport Harbor Generating Station has been in operation since 1961 and generates 529 megawatts of energy, enough to supply electricity to 530,000 homes.

PennEnergy's research area provides details on clean coal.

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter
For Email Marketing you can trust

Weekly Newscast

 

Whitepapers

How Mobility Can Drive Shorter Estimated Time for Restorations (ETRs)

Utilities must be prepared to deal with storms, floods, and other catastrophic events that are to...

Rise of the Machines- how to make a successful smart meter roll out

Installation of smart meters is a growing global trend in the utilities industry. By 2020, it is ...

Improve accuracy & reduce your lease operating expense

In this whitepaper, we will address both the technical approach to achieving the highest possible...

Substation Communications Design Legacy to IEC 61850 Best Practices

Two trends, the migration of the electrical grid to the “Smart Grid” and the adoption of Ethernet...

Latest Energy Jobs

View more Job Listings >>

Technical Digest

 

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013