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National Observer: The Trans Mountain oil pipeline is costing a Canadian Crown corporation some staggering interest expenses that cast doubt on strong revenues from the infrastructure touted in the federal government’s recent economic update. The interest expenses were $20 million over a single month in September, right after Prime Minister Justin Trudeau’s government purchased the […]
IEEFA
Platts: Dominion Energy has suspended construction on the full 600-mile route of the Atlantic Coast Pipeline, except for some ‘stand-down’ activities, after an appeals court stay last week, the company told the U.S. Federal Energy Regulatory Commission Friday. Dominion said its action to halt work on the natural gas project was in response to the […]
Dennis Wamsted
Momentum around declining consumption numbers, utility-company policy, export markets and internal assessments
The economic problems facing the U.S. coal industry have been on manifest display this week. On Tuesday morning, the federal Energy Information Administration reported that coal use in the U.S. is on track to fall to its lowest level since 1979, and that by year’s end consumption will be 44% below the 2007 peak of […]
IEEFA
Greentech Media: The number of jurisdictions pursuing a goal of 100 percent renewables keeps growing. Puerto Rico looks to be next, with a late November plan from the island’s governor and a proposal before the legislature both calling for 100 percent renewables by 2050. In October, a diverse group of clean energy advocates also published […]
Press Release
Site remediation will involve thousands of acres and require hundreds of skilled workers; public pressure on Peabody may be required for ‘proper cleanup’; responsible repurposing of NGS infrastructure will include development of utility-scale solar and emerging electricity-storage technology
Dec. 7, 2018 (IEEFA) — Land reclamation and site remediation around the coal-fired Navajo Generation Station and its companion Kayenta Mine in northeastern Arizona will require years to complete and likely employ hundreds of former plant and mine workers, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. The report—“Long-Term […]
IEEFA
Utility Dive: The Berkshire Hathaway subsidiary used unit-by-unit analysis to calculate a net benefit or cost for taking the coal units offline by 2022, showing nearly 60% of the retirements would lead to savings. But the utility says more analysis is needed before any shutdown decisions are made. PacifiCorp’s announcement is not an official step […]
IEEFA
The Denver Post: Xcel Energy, Colorado’s largest electric utility, is upping its renewables game with the announcement Tuesday that it has a goal of being 100-percent carbon free by 2050. The Minneapolis-based company that serves eight states has been a leader in the quest to increase the use of renewable energy sources, said Ben Fowke, […]
Tim Buckley and Kashish Shah
Solar and wind projects can be scaled up quickly and financing is available
India is transforming its national electricity system by incorporating deflationary renewables. In doing so, it is improving energy security, reducing reliance on imported fossil fuels, addressing air pollution, and lowering emissions intensity. The timing of this transformation is spot on. India’s economy is set to double by 2030. Even with improved energy efficiency and lower […]
IEEFA
The Conversation: Indian mining multinational Adani has announced that it will self-fund a significantly smaller coal mine in the Galilee Basin, after failing to secure finance from more than 30 domestic and international banks and lenders. The scaling down of the project has been extensive. Adani Mining chief executive Lucas Dow said the mine will […]
Tom Sanzillo
What’s real: legislative initiatives or private contracting?
Can Puerto Rico’s recent legislative progress on renewable energy withstand an onslaught of special interests supporting economically unsupportable, fiscally damaging and environmentally destructive natural gas proposals? A fragile consensus has emerged from the recent Puerto Rico legislative session and a parallel energy planning process being carried out by the Puerto Rico Electric Power Authority (PREPA), […]
IEEFA U.S.: A rough week for the American coal industry
Momentum around declining consumption numbers, utility-company policy, export markets and internal assessments
The economic problems facing the U.S. coal industry have been on manifest display this week. On Tuesday morning, the federal Energy Information Administration reported that coal use in the U.S. is on track to fall to its lowest level since 1979, and that by year’s end consumption will be 44% below the 2007 peak of […]