Coal supply at U.S. power plants rose 0.5 percent this week but fell 4.4 percent below the same week last year, Genscape said Tuesday. U.S. generators, which rely on coal to fuel about half of U.S. electricity production, had 56 days worth of coal on hand, same as last week, the power industry data provider said. For More information regarding the U.S Coal Market, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Coal accumulation at U.S. power plants rose 0.5 percent this week but fell 4.4 percent below the same week last year, Genscape said Tuesday. U.S. generators, which rely on coal to fuel about half of U.S. electricity production, had 56 days worth of coal on hand, same as last week, the power industry data provider said.
Companies averaged three less days of coal stockpiled than the same week of 2009, one day less than last week's cushion, Genscape said. They also said power generators as of Monday had 152.3 million tons of coal, up from 151.5 million tons stockpiled on March 15 but down from 159.4 million tons the same week last year.
Inventories typically grow in spring and fall when demand for heating and cooling drops. Stockpiles usually shrink during summer and winter when demand rises for climate control in homes, stores and factories.
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