Seeking Alpha

The coal glut faced by GenOn (GEN) - which recently declared force majeure on coal purchases -...

The coal glut faced by GenOn (GEN) - which recently declared force majeure on coal purchases - is emblematic of the state of the industry, as U.S. utilities burn more natural gas. The combination of supply and demand forces means thermal coal prices are unlikely to recover any time soon, executives and traders say.
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