coal

JEA power plant
JEA

TALLAHASSEE — Florida Power & Light on Monday asked state regulators to give approval by Dec. 1 of a plan to shut down a jointly owned coal-fired power plant in Jacksonville.

JEA power plant
JEA

JEA recently announced it will close a coal-fired power plant on Jacksonville’s Northside, which came online in the late 1980s. With the complex’s closure, about 200 people will lose their jobs.

The plant’s closure after nearly 30 years of service is not surprising in today’s energy climate. If you’ve been paying attention to the electric power generation business, coal fired power plants are closing all across the country.


CSX train
Nate Beal / Wikimedia Commons

One of Jacksonville’s largest companies is still expecting a bad first quarter, but not as bad as it first thought.

CSX Corporation said this week  its first quarter earnings would decline by the mid- single digits, rather than the high single digits it had previously forecast.

So far this year, its volume growth is down by about 5 percent. Like the rest of the industry, CSX has been battered by a big decline in the amount of coal being shipped.