U.S. power generator Dynegy Inc. sees coal regaining some market share as President-elect Donald Trump promises to put more miners back to work.
“Certainly more coal is good for us” and helps make coal-fired plants more profitable when natural gas and electricity prices rise, Dynegy Chief Executive Officer Robert Flexon said in a Bloomberg Television interview with Alix Steel Wednesday. He doesn’t see the economics shifting enough to spur the construction of new coal-generating capacity. Rather, any gains would be through existing coal plants taking market share away from natural gas and, possibly, nuclear, he said.
