Coal Plant Plunge Threatens Billions in Pollution Spend

Coal Plant Plunge Threatens Billions in Pollution Spend

Steve Hockstein/Bloomberg

U.S. utilities are switching to burning gas for electricity and preparing to retire 33,000 megawatts of coal-fired generation after the U.S. Environmental Protection Agency tightened rules for mercury and other toxins, Dumoulin-Smith, a New York-based analyst with UBS AG, said.