Archive for August, 2014

More News and Commentary

Wind energy surges in China, as demand for coal fades

Wind energy surges in China, as demand for coal fades

By Tim Buckley, Renew Economy – China continues to report that its growth in domestic coal consumption is rapidly decelerating. The Institute of Energy Economics and Financial Analysis (IEEFA) forecasts that China’s coal consumption will most likely peak by 2016, and decline thereafter. It is possible that this will occur sooner than this, as was […]

August 28, 2014 Read More →
BILKED? Legitimate question exists on whether PPS was misled

BILKED? Legitimate question exists on whether PPS was misled

PADUCAH – “We’ll grant that some of those behind a class action lawsuit related to power rates from the Prairie State Energy Campus may have ulterior motives. The lawsuit was filed on behalf of ratepayers in the city of Batavia, Illinois, which like Paducah invested in the power generating project and contracted to buy power […]

August 25, 2014 Read More →
Power Point: Is this coal downturn cyclical or structural?

Power Point: Is this coal downturn cyclical or structural?

Is this coal downturn cyclical or structural?, by Tim Buckley, August 2014

August 24, 2014 Read More →
Power Point : Federal Coal Lease Program, Fair Market Value, and Royalty Payments: Lost Revenue for State Governments

Power Point : Federal Coal Lease Program, Fair Market Value, and Royalty Payments: Lost Revenue for State Governments

Federal Coal Lease Program, Fair Market Value, and Royalty Payments: Lost Revenue for State Governments, Montana and Wyoming State Briefings, Tom Sanzillo, August 21-22, 2013

August 21, 2014 Read More →
China Reduces Coal Consumption

China Reduces Coal Consumption

By View on the Ground – “China’s investment into alternate energy is finally paying off. For the first time in a century China is seeing Coal consumption fall… The Institute for Energy Economics and Financial Analysis says it is bad news for the New South Wales (NSW) coal industry which has pegged much of its […]

August 21, 2014 Read More →
Illinois customers file lawsuit against Prairie State coal plant over power costs

Illinois customers file lawsuit against Prairie State coal plant over power costs

By Matthew Bandyk, SNL Financial – “The 1,600-­MW Prairie State Energy Campus, one of the last coal-­fired plants built before federal greenhouse gas regulations made such projects difficult to pursue, is the target of a class action lawsuit alleging that the Indiana Municipal Power Agency, one of Prairie State’s co-­owners, and various consultants misrepresented the […]

August 20, 2014 Read More →
Statement on Batavia class action lawsuit

Statement on Batavia class action lawsuit

By Sandy Buchanan, Executive Director, Institute for Energy Economics and Financial Analysis -We commend the citizens of Batavia for stepping forward to take legal action in search of straight answers and a fair deal from the Prairie State coal plant. Disturbingly, many of the documents behind Peabody Energy’s $5 billion coal plant and high-sulfur coal […]

August 19, 2014 Read More →
High Prairie State Energy Costs Spur Planned Lawsuit

High Prairie State Energy Costs Spur Planned Lawsuit

by Yvette Shields, Bond Buyer – CHICAGO — “Ratepayers from a Chicago suburb plan to file a lawsuit as soon as Tuesday seeking compensation for steep energy rate hikes they’ve paid due to cost overruns at the bond-financed Prairie State Energy Campus. Public utilities in Illinois, Indiana, Kentucky, Missouri, and Ohio issued $4.5 billion of […]

August 18, 2014 Read More →
Oz seeks closer trade ties with India, energy sector a priority

Oz seeks closer trade ties with India, energy sector a priority

By Neena Bhandari, Business Standard – SYDNEY – “With India becoming the largest source of skilled migrants to Australia, people-to-people links are spearheading business, trade and investment ties between the two countries. ‘There are around 400,000 Australians of Indian origin and I pay tribute to the significant contribution they make to our country. Modern Australia […]

August 18, 2014 Read More →
Belmont solar-use billing is debated

Belmont solar-use billing is debated

By Emily Cataneo, Boston Globe –  “Belmont’s Light Department is considering a proposal that would change the way it bills customers who have solar energy panels, a move that some say will steer residents away from installing them. ‘There’s a relatively small number of people who already have installed panels and it would certainly negatively […]

August 13, 2014 Read More →