Coal stocks continue to fall at U.S. power plants - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Coal stocks continue to fall at U.S. power plants

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  • Many WV coal counties losing revenue

    Many WV coal counties losing revenue

    Monday, August 8 2016 10:15 AM EDT2016-08-08 14:15:05 GMT

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

Coal stocks at U.S. power plants have continued to decline this year, according to U.S. Energy Information Administration data.

Preliminary reports show stocks in July totaled 160.4 million tons. That was the lowest figure since October 2011, when stocks totaled 156.2 million tons, according to data the EIA released Sept. 30.

Coal stockpiles have been high the past couple of years as moderate weather held down demand for electricity and as natural gas and other sources had taken some of the market from coal. But coal has regained market share lately.

Coal stocks every month since November 2012.

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