Cost of Transporting Coal on the Rise
According to a new study conducted by the U.S. Energy Information Administration (EIA), power plant owners are paying nearly 50 percent more to haul coal to their units than they did a decade ago. The EIA’s annual analysis of coal transportation costs said electric generators spent an average of $17.25 per ton in 2010, a 46 percent hike from $11.83 per ton in 2001. Most of the cost increase was attributable to freight railroads. In fact, the long distances involved in transporting coal from certain source areas means that hauling coal can cost more than the coal itself. Click here for more on this story.