EIA report says coal to remain dominant fuel
EIAÂ’s American Energy Outlook 2011 predicts that, absent overly stringent new federal regulations, electricity generation from coal will increase by 25 percent from 2009 to 2035 and that coal will generate 43 percent of AmericaÂ’s electricity in 2035.
“This report underscores the important role that coal will play long into the future,” said Steve Miller, president and CEO of the American Coalition for Clean Coal Electricity. “Coal will continue to be America’s fuel for decades to come because it will remain affordable, reliable and will be used in an increasingly clean manner.”
Earlier this year, ACCCE released a report showing that among energy used by American households, electricity has experienced relatively low price increases since 2001. Coal currently provides nearly one-half of AmericaÂ’s electricity supply, and has contributed to the relative stability of consumer electricity prices.
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TORONTO - Hydro One Ltd. reported a second-quarter profit of $1.1 billion, boosted by a one-time gain related to a court decision.
The power utility says it saw a one-time gain of $867 million in the quarter due to an Ontario court ruling on a deferred tax asset appeal that set aside an Ontario Energy Board decision.
Hydro One says the profit amounted to $1.84 per share for the quarter ended June 30, up from $155 million or 26 cents per share a year earlier.
On an adjusted basis, it says it earned 39 cents per share for the quarter, up from an…
