Credit ratings giant Moody’s is warning that a big chunk of the nation’s electric utilities are at risk of closing because of the transition toward renewable energy, which is occurring despite President Trump’s decision to pull the U.S. out of the Paris climate change agreement.
The report, issued Tuesday, says not-for-profit public power and cooperative utilities, which generate and transmit electricity, are facing “rising risks” from the transition to less carbon dioxide-emitting power plants, because they own most of the coal plants across rural America.
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