Massachusetts Coal and Power Co. - Utility Stock Certificate
Inv# MS2913A Stock
Massachusetts
Stock. Rough edge.
Coal power in the United States generates about 20% of the country's electricity. It accounted for 39% of production at utility-scale facilities in 2014, 33% in 2015, 30.4% in 2016, 30.0% in 2017, 27.4% in 2018, 23.5% in 2019, and 19.3% in 2020. Coal supplied 12.6 quadrillion British thermal units (3,700 TWh) of primary energy to electric power plants in 2017, which made up 91% of coal's contribution to US energy supply. Utilities buy more than 90% of the coal consumed in the United States.
In 2019 there were 241 coal powered units across the United States. Coal plants have been closing since the 2010s due to cheaper and cleaner natural gas and renewables. But environmentalists say that political action is needed to close them faster, to reduce greenhouse gas emissions by the United States to better limit climate change.
Coal has been used to generate electricity in the United States since an Edison plant was built in New York City in 1882. The first AC power station was opened by General Electric in Ehrenfeld, Pennsylvania in 1902, servicing the Webster Coal and Coke Company. By the mid-20th century, coal had become the leading fuel for generating electricity in the US. The long, steady rise of coal-fired generation of electricity shifted to a decline after 2007. The decline has been linked to the increased availability of natural gas, decreased consumption, renewable power, and more stringent environmental regulations. The Environmental Protection Agency has advanced restrictions on coal plants to counteract mercury pollution, smog, and global warming.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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