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US coal's best hope is proposal to cut need for uplift payments

Proposed move will allow coal and nuclear plants to set the price of energy when they are in use

Published Thu, Jan 11, 2018 · 09:50 PM

New York

THE US coal industry's best hope for a bailout may lie in the Rust Belt now that Washington's plan has fizzled.

The largest US power grid - covering Pennsylvania, Ohio and other states - has been considering an initiative that may keep struggling coal plants afloat.

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US coal's best hope is proposal to cut need for uplift payments

Energy & Commodities

Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

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