U.S. Power Plants Hold the Highest Coal Stock Levels Since 2020

U.S. electric power plants held a total of 138 million short tons of coal at the end of May, the highest level since the slump in power and coal demand at the start of the pandemic in early 2020, the U.S. Energy Information Administration (EIA) said on Monday. In recent years, coal stocks at power plants in the spring – when they are at the year’s highest in preparation for summer demand – have dropped from record highs due to the lower overall share of coal in U.S. power generation. For example, the U.S. power sector consumed…