The United States' energy balance shifted dramatically in 2012 as natural gas production in North America surged, driven by the controversial extraction method known as fracking. Last April natural gas tied coal as the top electricity-producing fuel in the United States (each generated 32 percent of the total). This was the first time any generating source had challenged coal for dominance since the dawn of electric power generation in the 1880s. The glut of cheap gas and tightening regulations on air pollutants have prompted the planned closure of 175 coal-fired power plants by 2016, representing 8.5 percent of all coal-fueled electricity capacity in the country. One-third of those plants, among the oldest and dirtiest in the United States, were to be shuttered by the end of 2012, making it the biggest year for coal plant retirements in the nation’s history.
Those closures have helped reduce U.S. energy-related carbon emissions to ...