jonathan crawford | bloomberg | 29 june 2016
PA's Ethan Paterno, an energy markets expert, is quoted in an article in Bloomberg. The article discusses the impact of U.S. coal plant retirements on the natural gas market.
Commenting on this topic, Ethan explains: “You’ve seen the coal come out of the market and then you’ve seen a response from industry to capitalize on that hole in the supply mix. The low gas prices are a big, big deal.”
Ethan concludes: “The mid-Atlantic grid, which stretches from Maryland to Chicago, has been ground-zero for coal-plant shutdowns as the generators compete with gas burners that have access to the cheapest supplies in the country. In that network, the largest in the U.S., about 20,000 megawatts of gas-fired plants are projected to connect by mid-2019, or enough generation to power for about 20 million homes.”