FOX BUSINESS

Natural gas edges past coal to become biggest US electricity source for first time ever

 

Published July 13, 2015 / Associated Press

 

Natural gas overtook coal as the top source of U.S. electric power generation for
the first time ever earlier this year, a milestone that has been in the making for
years as the price of gas slides and new regulations make coal more risky for
power generators.


The research company SNL Energy in a new report using data from the U.S.
Energy Department says about 31 percent of electric power generation in April
came from natural gas, and 30 percent from coal.


A drilling boom that started in 2008 has boosted U.S. natural gas production by 30
percent and made the United States the world's biggest producer of oil and natural
gas. Hydraulic fracturing has allowed energy companies to tap huge volumes of
gas trapped deep underground in shale formations.


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