Archive for July, 2013

More News and Commentary

FirstEnergy, AEP coal plant deals ‘risky,’ report claims

FirstEnergy, AEP coal plant deals ‘risky,’ report claims

CHARLOTTESVILLE, VA -“…The report from the Institute for Energy Economics and Financial Analysis claims the utilities have provided misleading evidence to the West Virginia Public Service Commission about the true costs of the proposals. It argued that both companies use “unrealistically high” projections of gas and power prices to make the purchase of the coal […]

July 31, 2013 Read More →
Report: Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants

Report: Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants

Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants (pdf)      

July 30, 2013 Read More →
EU finance arm to decide on curbing loans to coal-fired power

EU finance arm to decide on curbing loans to coal-fired power

LONDON/WASHINGTON – The EU’s main lending arm, the European Investment Bank, will later on Tuesday decide whether to stop financing coal-fired power stations to help the 28-nation bloc reduce pollution and meet its climate targets. Directors of the EIB, who are nominated by member states, will make a decision following moves by other multilateral lenders […]

July 23, 2013 Read More →
Analysis: Prairie State Power cost skyrockets between January and May 2013

Analysis: Prairie State Power cost skyrockets between January and May 2013

As shown in the following figure, the monthly cost of power that AMP is charging for power from the Prairie State coal plant has risen dramatically in recent months climbing from $58.53 per megawatt hour in January, with the Rate Levelization adjustment, to $85.14 per megawatt hour in May.  This represented a 46 percent increase […]

July 9, 2013 Read More →
Viability of central Queensland coal mine questioned

Viability of central Queensland coal mine questioned

In a report commissioned by Greenpeace, US financial analysts are casting doubt on the viability of the giant Alpha Coal Project in central Queensland, but miners remain confident. Click here or the photo to be redirected to the video. June 20, 2013 -Marlina Whop, ABC News  

July 9, 2013 Read More →
US House panel looks at Western coal industry

US House panel looks at Western coal industry

“BILLINGS, Mont.— Congress is poised to enter the debate over whether taxpayers are getting a fair return on coal mined from public lands in the Western U.S. as a House committee plans a Tuesday oversight hearing on the industry. An Interior Department inspector general’s investigation last month estimated $62 million in potential lost revenues due to […]

July 8, 2013 Read More →
Small towns take their lumps after betting big on coal energy plant

Small towns take their lumps after betting big on coal energy plant

NEW YORK, NY — “Illustrating the hazards of dabbling in the complex and unforgiving U.S. energy market, a handful cities and towns in the Midwest and beyond are absorbing a financial beating after betting big on an innovative coal-fired power plant shortly before the current domestic oil and natural gas boom hit its stride. Local […]

July 3, 2013 Read More →
Memo- Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program

Memo- Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program

Policy memo: Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program June 28, 2013 (pdf)

July 1, 2013 Read More →