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Electricity generation from natural gas was actually up 2% in 2020 compared to the previous year. This continues the trend of increasing generation from natural gas, and declining generation from coal.

First reaction is only 2% increase given the current negatives on coal perhaps suggests the difficulty of converting to natural gas from coal. The implication is that that 2% requires massive investment. And hence significant increases could take years and lots of capital.

Second thought is I wonder what was the impact of Covid on electricity demand. Lots of stocks had very weak second quarter last year due to shutdowns. Electricity demand probably tanked too. And how would that effect generation. Some natural gas is burned in peak power plants. Declines in demand would favor base load facilities. More likely to be coal, hydro and nuclear.
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