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Tuesday, August 04, 2015

Coal back at No. 1 for electric generation in May

It didn't take long for coal to get back on top as the nation's top source of electricity. In April, natural gas surpassed coal for the first time—powering 31 percent of electricity, compared to 30 percent for coal—but as predicted, coal reclaimed the top spot in May, powering 33 percent, compared to 31 percent from natural gas, Tim Loh reports for Bloomberg.

"Still, coal-fired power generation was down 12 percent from a year ago, while gas was up 14 percent," Loh writes. "Net generation from all energy sources was down 0.7 percent from the prior year. Also in May, renewable sources excluding hydroelectric power surged 9.4 percent from year earlier. Solar, wind and other renewable energy sources accounted for 8.2 percent of net generation. Wind gained 9.9 percent to account for 5.3 percent of all electricity, the Energy Information Administration said." (Read more) (Bloomberg graphic: Coal and natural gas rates)

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