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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

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Dozens of US coal plants have closed in recent years as they have struggled to compete with low natural gas prices and a flood of wind and solar farms.

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....

sentifi.com

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