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Andy Wong / AP

PJM Interconnection, a coal transmission organization, is about to go through some rough times that could potentially include refinancing rounds and retiring coal generating projects. It has about $3 billion in debt that will surface from 2019-2022, and the market conditions aren't making things easier.

What's happening: Low energy prices and new natural gas plants have seen coal-fired plants that were operating at 80% capacity four years ago drop to less than 60% capacity, according to Moody's Investors Service.

Why it matters: Already, PJM member Homer City Generation has declared bankruptcy twice and PJM member Genon Energy is likely going to restructure soon.

  • Track your state: PJM provides electricity for more than 65 million people in DE, IL, IN, KY, MD, MI, NJ, NC, OH, PA, TN, VA, WV and D.C.
  • Plus, this trend could accelerate retirement of coal generating plants, and not just for PJM.

Go deeper

Obama says Powell exemplified what America "can and should be"

Then-President Obama speaks alongside former Secretary of State Colin Powell (left) during a meeting in the Oval Office in 2010. Photo: Saul Loeb/AFP via Getty Images

Former President Obama called Colin Powell an "exemplary soldier and an exemplary patriot" in a statement honoring the former general following his death from COVID complications on Monday.

Why it matters: Powell, the first Black U.S. secretary of state, was known as a Republican but played a critical role in helping Obama get elected in 2008.

Justice Department asks Supreme Court to block Texas abortion ban

Abortion rights activists rally at the Texas State Capitol on Sept. 11 in Austin, Texas. Photo: Jordan Vonderhaar/Getty Images

The Justice Department on Monday asked the Supreme Court to temporarily block Texas' near-total ban on abortions while federal courts consider its constitutionality.

The big picture: The court last month allowed the ban to take effect, rejecting an emergency application by abortion-rights groups. The law bars the procedure after cardiac activity is detected, as early as six weeks into pregnancy.

Updated 3 hours ago - Health

This arthritis drug cost $198 in 2008. Now it's more than $10,000

Illustration: Aïda Amer/Axios

In 2008, a box of 30 anti-inflammatory rectal suppositories that treats arthritis, called Indocin, had a price tag of $198. As of Oct. 1, the price of that same box was 52 times higher, totaling $10,350.

Why it matters: As federal lawmakers continue to waver on drug price reforms, Indocin is another example of how nothing prevents drug companies from hiking prices at will and selling them within a broken supply chain.