You don't have to listen to fox, but what the IER says it true.
I guess you don't get it.
This is not going to hurt the coal power industry at all. When these power plants are forced shut down the ones that stay running will be able to charge more for the same product, coal prices will drop due to less demand from the shut downs and the coal power producers left running will make more money than ever. The government just legislated a huge profit margin increase for them.
This is going to hurt people and its slated to take effect right before winter of 2015.
The only alternative that has been able to make a dent in coals market share is natural gas, hydraulically fractured natural gas.
I don't know if any one has noticed but hydroelectric powers market share and production has shrank due to increasing demand for drinking water and irrigation, the nuclear power industries production and market share has been shrinking too.
Ridiculously expensive and inconsistent alternative energy sources like solar have struggled to keep their market share with ever increasing demand.
All the geo thermal power that can be used for generation is being used, so that market share is shrinking.
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