Archive for October, 2017

More News and Commentary

IEEFA Asia: China’s Utility Sector Is in Change Mode

IEEFA Asia: China’s Utility Sector Is in Change Mode

Major Reorganizations in Progress as the World’s Most Populous Nation Moves Away From Coal

As regressive policies are being pursued noisily in the U.S. and Australia in hopes of salvaging the fading coal-fired power sector, news has broken more quietly around China’s persistence in moving aggressively toward a 21st-century energy economy. The most populous country on the planet is on course to install 50 gigawatts (GW) of solar-powered electricity […]

October 31, 2017 Read More →

Another Questionable Grid-Rebuild Contract in Puerto Rico

The Intercept: National Outrage has led to the cancellation of a suspicious $300 million contract doled out to a tiny Montana company that was oddly tasked with rebuilding large parts of Puerto Rico’s electric grid. A separate $200 million contract has faced little scrutiny, but may ultimately be even more scandalous for what it says […]

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FBI Investigating $300 Million Whitefish Deal

Wall Street Journal: Agents from the FBI’s San Juan field office are looking into circumstances surrounding the deal that the public power monopoly known as Prepa signed with Whitefish Energy Holdings LLC, according to the people familiar with the matter. Puerto Rico Gov. Ricardo Rosselló canceled the contract Sunday, saying it had become a distraction […]

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In Prairie State Settlement, AMP to Refund $67 Million

The Bond Buyer: Ohio-based American Municipal Power Inc. says it has resolved a Securities and Exchange Commission probe triggered by the troubles of the coal-fired Prairie State Energy project in Illinois. The resolution was disclosed in an offering statement for the refunding of up to $67 million of debt tied to the project. Proceeds will […]

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Editorial: Australia Does Not Need Adani

New York Times: While global demand for coal is falling as the nations of the world have committed themselves to slashing carbon emissions, Prime Minister Malcolm Turnbull of Australia wants to help a powerful Indian conglomerate build an enormous system of coal mines in a remote stretch of Queensland. Burning the estimated 66 million tons […]

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‘Unusual Alliances’ in Broad Ohio Opposition to Federal Coal Bailout

Midwest Energy News: Ohio energy companies, state agencies and other groups are forming some unexpected alliances in their positions for and against a federal proposal to subsidize coal and nuclear power over other forms of electricity. The proposed rule from the Department of Energy calls on FERC to revise its pricing rules to guarantee recovery […]

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Why the NEG Could Be a ‘Terrible Outcome’ for Renewables in Australia

Clean Technica: In a webinar hosted by the Australian Solar Council on Friday, ASC chief John Grimes spoke to the former chief of the Clean Energy Finance Corporation, Oliver Yates, and energy industry analyst Tim Buckley, about the implications of the Coalition’s proposed NEG plan, announced early last week. While noting that the details of […]

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Trump Admin Desperate to Keep Coal Power Plant Alive With Taxpayer Dollars

Clean Technica: Among other things working NGS has against it, the plant requires at least $100 million in deferred maintenance and upgrades, according to Evelyn Nieves, a writer for Sierra, the national magazine of the Sierra Club. “The coal industry remains in a long-term decline. This is as true in Indian Country as it is […]

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Bullish on U.S. Wind

Motley Fool: As companies like Amazon (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG), and renewable energy yieldcos look to expand their generation, we’ll see even more wind power plants built. With the booming demand for renewable energy and improving technology of wind turbines themselves, I think investors should be bullish on the future of wind energy. What’s interesting […]

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A One-Two-Three Market Punch Against Texas Coal-Fired Generation

SNL: The state supplied 25% of U.S. wind power in 2016, and wind capacity in the state is expected to reach 25,500 MW by 2019. Along with abundant supplies of low-priced natural gas, all that wind has helped depress energy prices in Texas: despite having, by far, the highest energy usage per capita in the […]

October 31, 2017 Read More →