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IEEFA Update: Failed Coal-Plant Deal in West Virginia Is in Ratepayers’ Best Interest

Negligence on the Part of FirstEnergy and the State to Encourage Responsible Transition

As FirstEnergy prepares to either sell the Pleasants Power Station in West Virginia or deactivate it, the question now becomes whether the company and the state will come up with a good plan to help the local community through this transition. FirstEnergy’s decision on Pleasants comes after the Federal Energy Regulatory Commission rejected its proposal […]

February 22, 2018 Read More →

Mining Companies Across Biggest U.S. Coal Region See More Declines in Production

S&P Global Market Intelligence: Top producers in the largest U.S. coal basin are guiding investors to further declines in coal volumes from the region in 2018. Three coal companies responsible for producing about three-quarters of the coal that comes out of the Powder River Basin issued guidance that collectively would equal a 1% to 6% […]

February 22, 2018 Read More →

U.S. Utility Giant Duke Energy Increases Its Renewables Spend to $1.5 Billion

S&P Global Market Intelligence: Duke Energy Corp. expects to funnel more capital into commercial renewables but will continue to focus the bulk of its investments on the grid over the next five years. The updated growth capital plan focuses $28.8 billion on electric utilities, including regulated renewables, and $6.7 billion on gas utilities. The plan […]

February 21, 2018 Read More →

U.S. Coal: ‘Fewer and Fewer Customers’

Bloomberg News: The big problem for Cloud Peak and fellow miners is there are fewer and fewer customers. Between the end of 2011 and 2017, America’s coal-fired power plants lost 15 percent of their generating capacity, from 306 gigawatts to 261 gigawatts. Another 12.5 gigawatts of plants are scheduled to close this year, making 2018 […]

February 20, 2018 Read More →

Wyoming Coal Producer Pins Its Hopes on Asia

S&P Global Market Intelligence: Cloud Peak Energy Inc. is focusing on international markets and the prospect of diminishing utility stockpiles for future coal sales, as limited port capacity and potentially low gas prices threaten 2018 production levels. The coal producer reported a net income of $17.8 million in the fourth quarter of 2017, a 27.2% […]

February 20, 2018 Read More →

Off-the-Grid Power Generation Takes Root in Puerto Rico

GreenTech Media: As the territory’s government looks to privatize its utility and haltingly moves forward on plans for a less-centralized grid powered by more renewables, interest in leaving the grid altogether has grown. In a Feb. 14 status report, PREPA reported that the utility had restored power to about 76 percent of customers. On Friday, […]

February 19, 2018 Read More →

Peabody Lobbies for Tax Break to Help Attract a Buyer for Failing Navajo Generating Station

Associated Press: The Arizona Legislature is being asked to exempt coal used in a power plant on the Navajo Nation from the state’s sales tax as a way to help make the plant more attractive for potential buyers. The Navajo Generating Station in Page near the state line with Utah is set to close at […]

February 15, 2018 Read More →

Wyoming Threatens Legal Action as Washington State Distances Itself From Coal Export Project

Longview Daily News (Washington): The state of Wyoming is considering suing Washington state over coal. In yet another plot twist in the protracted Millennium Bulk Terminals saga, a bill introduced Friday by Wyoming state Rep. Chuck Gray, R-Casper, would create a $250,000 “coal terminal litigation account.” Under the legislation, the fund could be used to […]

February 12, 2018 Read More →

Key Rail Player Pulls Out of Adani’s Australian Coal Project

Financial Times: Australia’s largest rail freight operator withdrew an application for a A$1bn (US$777m) state-backed loan on Friday to build a rail line to support development of the Galilee Basin, one of the world’s largest untapped coal reserves. The decision by Aurizon represents another setback to Indian mining groups, Adani and GVK Hancock, which are […]

February 9, 2018 Read More →

Trump Administration Said to Be Planning a Regulatory End Run to Bail Out Failing Coal Plants

Bloomberg News: After failing to win a bailout for cash-strapped coal plants, some Trump administration officials are considering emergency orders that could keep at least some coal generators online, people familiar with the discussions said. The approach would require Rick Perry to use his authority as U.S. energy secretary to spur emergency compensation for coal […]

February 9, 2018 Read More →