`Old Man Winter' Gone Missing, Leaves Coal and Gas in Dumps
- Natural gas prices are trading at the lowest level in 14 years
- Utilities may soon seek coal delivery deferrals, BB&T Says
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The spring-like start to this year’s U.S. winter is wreaking havoc on heating fuels.
Mild weather that’s blanketed a swath of the country from Chicago to New York since the start of December has prices for coal and natural gas, the two largest sources of power generation, in the doldrums. That’s likely to persist as the record-breaking warm spell spills into January, according to Commodity Weather Group LLC, a Bethesda, Maryland-based forecaster.