FINWIRES · TerminalLIVE
FINWIRES

US Coal Phase-Out Slows in 2025 With Just 2.6 GW Retired, Plans Shift Ahead, EIA Says

-- US coal-fired capacity retirements dropped to 2.6 gigawatts in 2025, the lowest level since 2010, the US Energy Information Administration said Monday.

Operators had initially scheduled about 8.5 GW of closures for 2025, but nearly 4.8 GW were pushed to later years while roughly 1.1 GW of retirements were scrapped, the report said.

Plans to shut 1.2 GW of coal capacity slated for 2027 were withdrawn, while another facility postponed its expected 2026 closure timeline to 2029, according to the EIA.

Coal capacity closures have eased significantly from earlier years, with 2022 seeing 13.7 gigawatts, roughly 6.5% of the fleet, shut down, compared with much lower levels recorded in 2025.

Only four facilities retired coal units in 2025, including sites in Delaware, Arizona, Utah, and Iowa, together accounting for about 2.6 GW or roughly 1.5% of total capacity, the agency said.

The Intermountain Power Project in Utah represented the largest closure, with 1,800 MW retired, though part of its capacity was replaced by a 1,017 MW natural gas-fired plant at the same site, the report said.

Federal intervention also slowed retirements, as the US Department of Energy issued emergency orders requiring several coal plants to remain available to support grid reliability, the agency said.

These directives covered facilities across multiple states, including Michigan, Washington, Indiana, and Colorado, with a combined capacity exceeding 3 GW, according to the EIA.

Most of the affected plants have since deferred their retirement timelines from 2025 into early or mid-2026, according to the EIA.

Additional delays came from three other plants totaling about 2.2 GW, where operators opted to postpone closures originally scheduled for 2025, the report added.

In one case, Transalta Centralia Unit 2 in Washington is now set to be converted into a natural gas-fired facility, with the transition currently targeted for completion by 2028.

Looking ahead, about 6.4 GW of coal capacity, or nearly 4% of the fleet, is expected to retire in 2026, although these projections remain subject to policy and market developments, the EIA said.

Related Articles

Australia

ON Semiconductor Shares Rise After Upgrade From B. Riley

ON Semiconductor (ON) shares were up nearly 11% in afternoon trading on Thursday after B. Riley upgraded the company's stock to buy from neutral and raised the price target to $115 from $64.Trading volume stood at more than 14.9 million shares against a daily average of about 8.8 million.Price: $98.57, Change: $+9.58, Percent Change: +10.76%

$ON
Australia

Update: PENN Entertainment Shares Rise After Q1 Results Beat

(Updates with the latest stock move in the headline and in the first paragraph.)PENN Entertainment (PENN) shares were up over 15% in Thursday trading after the company reported better-than-expected Q1 performance.Earlier, the firm posted an adjusted earnings of $0.11 per diluted share, swinging from an adjusted loss of $0.25 a year ago.Analysts polled by FactSet expected a loss of $0.04.Revenue for the quarter ended March 31 was $1.78 billion, up from $1.67 billion a year earlier.Analysts surveyed by FactSet expected $1.75 billion.Price: $17.12, Change: $+2.35, Percent Change: +15.88%

$PENN
Australia

Market Chatter: Chevron Resumes Full Production at Australia's Wheatstone LNG Facility

Chevron (CVX) resumed full production at its Wheatstone liquefied natural gas facility in Western Australia after repairs from damage caused by a cyclone last month, Reuters reported Wednesday evening, citing the oil major.In March, extreme winds brought by the tropical cyclone Narelle damaged several hundred air-cooled heat exchangers, Danny Woodall, Chevron's director of operations and maintenance for Australia, was quoted as saying by Reuters.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $187.80, Change: $+1.48, Percent Change: +0.79%

$CVX