Archive for September, 2015

More News and Commentary

Ohio Governor Calls State’s Freeze on Renewable-Energy Standards ‘Unacceptable’

Tom Knox for Columbus Business First: Gov. John Kasich says a legislative committee’s recommendations to indefinitely freeze Ohio’s renewable energy standards is “unacceptable.” The Energy Mandates Study Committee on Wednesday said the two-year freeze, enacted by legislators and signed by Kasich last June, should continue indefinitely. “A continued freeze of Ohio’s energy standards is unacceptable […]

September 30, 2015 Read More →

NYC Mayor Pushes for Pension Fund Divestment From Coal

Zoë Schlanger for Newsweek: De Blasio launched a campaign to remove the city’s five pension funds from coal industry investments on Tuesday. The funds’ total assets exceed $160 million—at least $33 million of which is tied to coal, according to a statement from the mayor’s office. “New York City is a global leader when it […]

September 30, 2015 Read More →

Movement in Australia for Coal Industry to Fund and Hire Workers in Mine Cleanup

Thom Mitchel for NewMatilda.com: Greens leader Richard Di Natale is expected to provide detail on a policy that would force mining companies to pay realistic rehabilitation bonds, with the interest on the billions of dollars collected to be redeployed to “protect thousands of coal workers from being left stranded by mine closures.” The policy is […]

September 30, 2015 Read More →

Kentucky Coal Output Drops to Lowest in 43 Years

Molly Christian for SNL: Coal output in Kentucky, the third-largest U.S. coal-producing state, fell in 2014 to the lowest level since 1962 as domestic utilities reduce reliance on the fuel, the commonwealth said in a new report. The study determined that total coal production in Kentucky slipped to 77.4 million tons in 2014, down 3.6% […]

September 30, 2015 Read More →

More Utilities Respond to Customer Demand for Solar

Stephen Lacey for Greentech Media: “Community solar is transforming from an experimental offering supported by mandates to a powerful utility tool for retaining customers” says a leading community solar developer. With 115 megawatts of projects expected through the end of 2015, community solar is still a small fraction of the U.S. solar market. But the […]

September 30, 2015 Read More →
FirstEnergy’s Pitch for an Ohio Subsidy Isn’t in Its Customers’ Best Interests

FirstEnergy’s Pitch for an Ohio Subsidy Isn’t in Its Customers’ Best Interests

Change is Coming to the Electricity Industry as Coal-Fired Generation Stands to Get More Expensive

FirstEnergy Corp.’s proposed Power Purchase Agreement to commit its customers to pay for electricity generated by WH Sammis—an old coal-fired power plant in Stratton—might help FirstEnergy but it isn’t in the best interest of its ratepayers. If the Public Utilities Commission of Ohio approves the proposal, the company would be guaranteed a profit on the […]

Longtime Coal Industry Lobbyist Lays Off Half Its Staff

Darren Samuelsohn for Politico: A leading “clean coal” lobbying shop is cutting half its staff and reorganizing to reflect the U.S. coal industry’s market losses and the industry’s continued financial struggles. The 22-year-old American Coalition for Clean Coal Electricity will lay off its chief of staff and also plans to eliminate several middle-management positions. The […]

September 29, 2015 Read More →

Study: Institutional Investors ‘Grow Wary’ of Carbon Risk

Shawn McCarthy for The Globe and Mail: Pension funds and other institutional investors are growing wary of an increasing “carbon risk” faced by coal and oil companies which confront a divestment movement that has gone mainstream and an uncertain future of climate-related regulations. Investors managing some $2.6-trillion (U.S.) in assets have signaled their intention to […]

September 29, 2015 Read More →

6 U.S. Investment Banks Urge Acceptance of Carbon-Emission Agreement

Maria Gallucci for International Business Times: Six major U.S. banks are urging world leaders to adopt a strong agreement to slash carbon emissions and tackle climate change. The coalition warned in a letter Monday that warming global temperatures and related effects, including sea level rise and severe drought, threaten to upend the global economy and […]

September 29, 2015 Read More →

Utility Companies Move Aggressively Into Rooftop Solar

Ray Henry and Susan Montoya Bryan for the AP: Traditional power companies are getting into small-scale solar energy and competing for space on your rooftop. The emerging competition comes as utilities and smaller solar installers fight over the future of the U.S. energy system. While the market for residential solar power remains a financial drop […]

September 29, 2015 Read More →