Archive for May, 2014

More News and Commentary

Malfunction at Illinois coal plant could affect Cleveland Public Power customers

Malfunction at Illinois coal plant could affect Cleveland Public Power customers

By Leila Atassi, Plain Dealer –  “CLEVELAND, Ohio – A controversial coal-fired power plant in southern Illinois, partially owned by Cleveland Public Power, was damaged last weekend by yet another equipment malfunction that likely will take a portion of the summer to repair. Officials at the Prairie State Energy Campus in Washington County, Ill., said […]

May 30, 2014 Read More →
Mishap damages Prairie State’s electric generating capacity

Mishap damages Prairie State’s electric generating capacity

By Brenda Schory, MySuburbanLife.com –ILLINOIS – “A malfunctioning water storage tank at the Prairie State Energy Campus, near Marissa in downstate Illinois, will not affect power availability, the company said this week in a news release. That includes the electric utilities of Batavia and Geneva, which are among 300 communities that invested in the coal-fired […]

May 30, 2014 Read More →
Coal demand falls globally; Adani,GVK to take a hit

Coal demand falls globally; Adani,GVK to take a hit

By Shuchi Srivastava, Economic Times – “MUMBAI: Multi-billion dollar investment by Adani Power, and GVK Power in Australian mines could hit a dead end and may force companies to consider distress sales as global coal prices and demand have fallen, analysts said although companies say their projects can withstand turbulence. The GVK group which is […]

May 29, 2014 Read More →
Statement of Sandy Buchanan, Executive Director of the Institute for Energy Economics and Financial Analysis, regarding explosion at Prairie State Energy Campus

Statement of Sandy Buchanan, Executive Director of the Institute for Energy Economics and Financial Analysis, regarding explosion at Prairie State Energy Campus

So far, we don’t know much about the details. But our understanding is that no one was hurt in the explosion. If that’s correct, we are very thankful. There needs to be an exhaustive investigation into the cause of the explosion and into safety procedures at the plant. That investigation should take place in a […]

May 29, 2014 Read More →
Equipment malfunction causes damage to Prairie State plant

Equipment malfunction causes damage to Prairie State plant

By Andrew Denney, Columbia Daily Tribune – COLUMBIA, MO –  “The Prairie State Energy Campus in southern Illinois, one of the coal-fired plants from which the Columbia Water and Light Department buys energy, was damaged over this past weekend when a rupture disk for a pressure release system blew off and knocked a large hole […]

May 29, 2014 Read More →
Press release – HSBC follows Deutsche Bank’s lead to rule out Great Barrier Reef  coal port investment financing

Press release – HSBC follows Deutsche Bank’s lead to rule out Great Barrier Reef coal port investment financing

24 MAY 2014: At HSBC Holdings AGM in London on Friday, the company was asked about HSBC’s willingness to match Deutsche Bank’s commitment not to fund the Abbot Point port expansion adjacent to the Great Barrier Reef. In response, Chief Executive Officer Stuart Gulliver said it was “extraordinarily unlikely it would go near it.” HSBC […]

May 24, 2014 Read More →
Clean Air to meet on Huntley plant

Clean Air to meet on Huntley plant

By Jessica Bagley, Tonawanda News – TONAWANDA, NY –  “The Clean Air Coalition is hosting a conference with national experts on coal finance, renewable energy and sustainable jobs to discuss how to assist employees and local governments if Huntley Station power plant does shutdown. ‘We wanted to bring people to town who have worked with […]

May 24, 2014 Read More →
Retail power prices not high enough to be profitable

Retail power prices not high enough to be profitable

By Ritwik Mukherjee,  Deccan Chronicle –  INDIA  – “At a time when energy is one of the top priority sectors for the in-coming Modi government, US-based Institute for Energy Economics and Financial Analysis (IEEFA) has suggested that the retail electricity prices in India are considerably lower than the level required for the profitable generation of […]

May 23, 2014 Read More →
India’s New PM A ‘Champion For Solar’

India’s New PM A ‘Champion For Solar’

By Energy Matters, “There was perhaps much rending of garments, wailing and gnashing of teeth in Australia’s coal industry when Narendra Modi’s Bharatiya Janata Party was recently swept to power. According to Bloomberg, the new government believes solar energy has the ‘potential to completely transform the way we look at the energy space’ and clean-power […]

May 21, 2014 Read More →
Press release- China’s ambitious new solar targets put Australian export coal at further risk

Press release- China’s ambitious new solar targets put Australian export coal at further risk

21 May 2014: China will triple its installed capacity for solar if it meets ambitious new targets set out this week by its own government energy departments, the Chinese National Development and Reform Commission (NDRC) and National Energy Agency (NEA). The new target of 70 gigawatts (GW) of installed solar capacity by 2017 puts at […]

May 21, 2014 Read More →