Electricity Declines 50% in U.S. as Shale Brings Natural Gas Glut: ‘A shale-driven glut of natural gas has cut electricity prices for U.S. power industry by 50%’
'With abundant new supplies of gas making it cheapest option for new power generation, the largest U.S. wind-energy producer, NextEra Energy Inc. has shelved plans for new U.S. wind projects & Exelon Corp. called off plans to expand 2 nuclear plants. CMS Energy Corp. canceled a $2 billion coal plant after deciding it wasn't financially viable in a time of 'low natural-gas prices linked to expanded shale-gas supplies'
