Companies and Agencies

More News and Commentary

NAIF Inadequate Project Assessment and Failure of Public Interest Test

Submission to Senate Inquiry into the Governance and Operation of the Northern Australia Infrastructure Facility

Our research in the context of Adani calls into question the project assessment and approval process of the Northern Australia Infrastructure Facility (NAIF) as it relates to a A$900 million loan request as well as the adequacy of the NAIF’s tests for risk appetite and for whether a project is in the public interest. Full […]

August 23, 2017 Read More →

Harvard Study Concludes Exxon Misled Investors on Climate Risk

InsideClimate News: A comprehensive, peer-reviewed academic study of ExxonMobil’s internal deliberations, scientific research and public rhetoric over the decades has confirmed empirically that the oil giant misled the public about what it knew about climate change and the risks posed by fossil fuel emissions, the authors said on Tuesday. The paper confirms the findings of […]

August 23, 2017 Read More →

FirstEnergy Falters in Ohio Campaign for Bailout of Its Failing Power Plants

Cleveland Plain Dealer: Neither the Trump administration nor Gov. John Kasich is inclined to give FirstEnergy’s struggling power plant company a free pass around competition, even as the number of competitors is increasing and the subsidiary faces bankruptcy. FirstEnergy Solutions, the unregulated power plant subsidiary that does business in wholesale and retail markets, is negotiating […]

August 23, 2017 Read More →

IEEFA Colorado: Arch Coal Request for State Royalty Relief on Mine Would Cost $12-$14 Million

Gov. Hickenlooper Urged to Invest in Growing Sectors of Economy Rather Than Subsidizing Fading Ones

Aug. 22, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today urged Colorado Gov. John Hickenlooper not to grant Arch Coal a reduction in the state royalties it pays on its West Elk mine in Gunnison County. “Arch’s request would cost the State of Colorado as much as $12-16 million and it would […]

August 22, 2017 Read More →

Plea for 2-Year Moratorium on U.S. Coal Plant Closings Lands With a Thud

Associated Press: The Trump administration has rejected a coal industry push to win a rarely used emergency order protecting coal-fired power plants, a decision contrary to what one coal executive said the president personally promised him. The Energy Department says it considered issuing the order sought by companies seeking relief for plants it says are […]

August 22, 2017 Read More →

In Blocking Montana Mine Enlargement, Judge Sees Company as ‘Inflating the Benefits of the Action While Minimizing Its Impacts’

Associated Press: A federal judge has blocked a proposed 176-million ton (159 million-metric ton) expansion of a central Montana coal mine in a ruling that criticized U.S. officials for downplaying the climate change impacts of the project and inflating its economic benefits. U.S. District Judge Donald Molloy issued an order Monday barring Signal Peak Energy […]

August 22, 2017 Read More →

Peabody Pushing for New Rail Line from Kayenta Mine

Bloomberg BNA: A group of business and government representatives are exploring the possibility of keeping alive a troubled coal mine in northern Arizona. The Kayenta mine, operated by Peabody Energy, appears likely to shut down at the end of 2019, when the nearby Navajo Generating Station is also scheduled to close. The two are linked […]

August 21, 2017 Read More →

Subsidizing Declining Appalachian Coal Seen as Having ‘Marginal’ Effect

St. Louis Post-Dispatch: Appalachian coal, high in sulfur and costly to mine, has been losing market share to other American coal-producing regions for years. Looking to stem the tide, West Virginia Gov. Jim Justice last week proposed that the federal government subsidize coal-fired power plants that buy from Appalachian mines by $15 a ton, up […]

August 18, 2017 Read More →

Ohio Regulators Let Stand FirstEnergy’s $1 Billion Coal and Nuclear Bailout

Cleveland Plain Dealer: The Public Utilities Commission of Ohio today rejected multiple appeals of its October 2016 ruling giving FirstEnergy an extra $204 million a year for up to five years, officially for upgrades to the company’s local wires and substations, but say opponents, actually allowing the company to use the money in any way […]

August 17, 2017 Read More →
Why Navajo Generating Station Is No Longer Commercially Viable

Why Navajo Generating Station Is No Longer Commercially Viable

The Institute for Energy Economics and Financial Analysis (IEEFA) has done extensive research into the difficult circumstances facing Navajo Generation Station. Key findings: Declining energy market prices and rising production costs have made power produced by the plant more expensive than competing sources. Market trends are not likely to change, leaving the plant’s financial viability […]

August 16, 2017 Read More →