AEP, Peabody Hint that 'King Coal' Could Return to the Throne in 2013
Posted on November 02, 2012 at 02:43 AM EDT
SUGAR LAND--November 2, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)-- American Electric Power (NYSE:AEP) (AEP) (Columbus, Ohio) held its third-quarter earnings call last week and covered all the expected financial issues. One interesting additional item was the discussion of the recent trend of coal-to-gas switching that the industry saw during 2012. This was prompted by a mixture of coal plant retirements where environmental retrofits were needed to bring plant emissions into compliance with a series of environmental regulations passed by the U.S. Environmental Protection Agency (EPA); and by the recent record lows in natural gas prices. Other companies featured: Peabody Energy Corporation (NYSE:BTU)