Price of Wyo. coal rises 67 percent
October 25, 2010
DENVER (AP) – The cost of coal used to power many of Colorado power plants is on the rise.
The Denver Post reports that the price of coal from Wyoming’s Powder River Basin has risen 67 percent to $13.80 a ton.
Jason Frisbie, power production manager for the Platte River Power Authority, says Powder River Basin coal sold for $5 a ton for year.
The price has risen as more Wyoming coal is shipped to the East Coast as well as overseas, including China.
Analyst James Rollyson said that even if coal jumps to $17 a ton it would still be cheaper to use than natural gas.
Nearly 60 percent of Colorado’s electricity is generated by coal power plants although the state’s largest utility, Xcel Energy, has proposed replacing three with plants fired by natural gas.
Information from: The Denver Post, http://www.denverpost.com