Archive for November, 2014

More News and Commentary

The Green Pope; 27-Percent-Renewable China; Bureau of Land Management Mea Culpa

The Green Pope; 27-Percent-Renewable China; Bureau of Land Management Mea Culpa

POPE FRANCIS IS EXTOLLING THE VIRTUE OF GREEN-ENERGY JOBS, arguing for them not just for moral reasons but for economic ones as well. In a speech in Germany this week, the pope said Europe provided a good example of an economy that could be lifted out of its doldrum by greater investment in alternative energy. […]

November 26, 2014 Read More →
Five Years On, Millions in Costs From AMP’s Cancelled Coal Plant Still Hang Over Towns and Cities

Five Years On, Millions in Costs From AMP’s Cancelled Coal Plant Still Hang Over Towns and Cities

By Sandy Buchanan Five years ago this Thanksgiving, newspaper headlines across Ohio announced the cancellation of a coal-fired power plant that American Municipal Power (AMP) had planned to build along the Ohio River.  AMP and 81 of its member communities in Ohio, Virginia, West Virginia, and Michigan was scrapping plans to build the 1000-megawatt coal […]

November 26, 2014 Read More →

FERC Approval of Exelon-Pepco Merger Is a Step Back

By Cathy Kunkel By approving Exelon Corp.’s acquisition of Pepco Holdings Inc. last week, the Federal Energy Regulatory Commission (FERC) dealt a potential blow to the development of renewables and energy efficiency in the mid-Atlantic. The deal still has to be approved by state-level public service commissions that regulate Pepco. The company provides electricity to […]

November 25, 2014 Read More →
Lawsuit Challenges BLM Coal Leases; A “Long-Held Dream”; Coal ETF Tanks

Lawsuit Challenges BLM Coal Leases; A “Long-Held Dream”; Coal ETF Tanks

THE BUREAU OF LAND MANAGEMENT IS BEING SUED FOR HOW IT MANAGES FEDERAL COAL LEASES in Western states. The lawsuit, filed in federal court in Washington today, asks that the BLM be required to review its coal-leasing policies, which the plaintiffs—the Western Organization of Resources Councils and Friends of the Earth—note have been in place […]

November 25, 2014 Read More →
Hedge Funds See Coal Weakness; Fool.com Weighs In; Solar USA Today

Hedge Funds See Coal Weakness; Fool.com Weighs In; Solar USA Today

HEDGE FUNDS ARE BEGINNING TO CIRCLE U.S. COAL COMPANIES, shorting both coal stocks and bonds in anticipation of bankruptcies, the Wall Street Journal reports today. The headline: “Hedge Funds Bet on Coal-Mining Failures.” The article, by Timothy Puko, Matt Wirz, and Matt Jarzemsky,  says the funds have shown particular interest in the vulnerability of companies […]

November 24, 2014 Read More →

Teddy Roosevelt Wouldn’t Be Happy With This Coal-Royalties Loophole

By Tom Sanzillo The ghost of Theodore Roosevelt is awake and on the prowl again as new doubt emerges in Washington over federal subsidies that in effect let coal companies tap publicly-owned reserves for a song and sell them at a taxpayer-subsidized profit. Case in point: A set of a long-standing deals the Bureau of […]

November 24, 2014 Read More →
NRG Responds; Galilee Heats Up; FirstEnergy Retreats

NRG Responds; Galilee Heats Up; FirstEnergy Retreats

IN A BOW TO THE DIVESTURE MOVEMENT AND TO CHANGING DEMOGRAPHICS, NRG has come out with a plan it says will reduce emissions by 50 percent by 2030 and 90 percent by 2050. The New York Times covers it in a piece in which the most notable quote is probably from David Crane, NRG’s CEO: […]

November 21, 2014 Read More →

Commentary: ‘The Ohio Green-Energy Jobs Report That, Shamefully, Stayed Buried Until Now’

By the Cleveland Plain Dealer Editorial Board If you believe coincidence explains how the Statehouse works, there’s no mystery about the bureaucratic stall given to a $435,000 report on green energy jobs in Ohio. But you also have no sense of smell. The Columbus Dispatch revealed Sunday that a report commissioned in 2012 by the […]

$8 Billion Untouched; Coal-Export Report Coverage; ‘Big Energy Interests’ in North Carolina

$8 Billion Untouched; Coal-Export Report Coverage; ‘Big Energy Interests’ in North Carolina

SNL IS REPORTING TODAY THAT A FEDERAL LOAN PROGRAM TO SUPPORT NEW COAL TECHNOLOGY HAS GOTTEN FEW TAKERS. The article, by Taylor Kuykendall, appears under the headline “8 years after DOE solicits coal projects, $8B in loan guarantees untouched.” Kuykendall notes that the DEO is seeking ways to support coal-fired plants that adopt “carbon-capture” technology. […]

November 20, 2014 Read More →
Kemper Power Plant, a Debacle That Should Never Have Been

Kemper Power Plant, a Debacle That Should Never Have Been

By David Schlissel

 It’s pretty well known that cost overruns at Mississippi Power’s new plant in Kemper County now total $3.1 billion, roughly 100 percent more than the estimate the company put forth when it received approval in early 2010 to go ahead with the project, which was completed last year. What isn’t as publicized […]

November 20, 2014 Read More →