Utilities Continue Scrapping Coal
As many of the nation's coal plants continue to age, bringing them back up to code and extending their productive lives is becoming more and more of a costly endeavor, all the more so due to new EPA restrictions on emissions standards. When you combine that with the ever-falling price of natural gas, coal's newest and most aggressive competitor, you start to get a picture of how utilities companies are looking at coal these days, and what this could mean for the coal industry as a whole. In this video, Motley Fool energy analyst Taylor Muckerman takes us through some of the specifics of how coal companies are suffering, as the competition continues to get tougher year by year.
As the nation moves more and more toward clean energy, Exelon is perfectly positioned to capitalize by having the largest nuclear fleet in North America. Combining this strength with an increased focus on renewable energy, and its recent merger with Constellation, places Exelon, and its best-in-class dividend, on a short list of top utilities. Check out more details in our Motley Fool company analysis to see if Exelon is a good long-term fit for your portfolio.
The article Utilities Continue Scrapping Coal originally appeared on Fool.com.Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Exelon and Southern Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.