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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

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....

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