PJM

IEEFA Research

IEEFA Report: ‘Natural Security’ Argument for Saving 2 Power Plants Is a Red Herring Meant to Distract From an Ohio Valley Electric Bailout

Keeping Kyger Creek and Clifty Creek on Life Support Would Cost Ratepayers $1.4 Billion; Market Conditions Will Continue to Undermine Viability of Aging Coal-Fired Plants; Public Resources Are Better Spent on Investing in Transition; Neither Generator Is Needed for Grid Stability

June 20, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a research brief questioning a bill in the Ohio legislature that would bail out two failing coal-fired power plants owned by the Ohio Valley Electric Corporation (OVEC) and keep the plants alive at huge expense to ratepayers. The plants […]

More News and Commentary

PJM: FirstEnergy coal plant closures no threat to reliability

Platts: Retirement of FirstEnergy Solutions’ 4,004 MW of coal and diesel generating units in Ohio and Pennsylvania by June 2021 and June 2022 will not adversely impact reliability, PJM Interconnection said Monday in revealing the results of a new study. PJM completed its 30-day reliability analysis of the units Friday, according to an emailed statement. […]

October 2, 2018 Read More →

FirstEnergy submits plans to close Mansfield, Sammis coal plants

S&P Global Market Intelligence ($): FirstEnergy Solutions Corp. will shut down the largest coal-fired plant in its fleet as part of more than 4,000 MW of coal and oil capacity it plans to deactivate in Ohio and Pennsylvania in 2021 and 2022. FirstEnergy Solutions, or FES, in an Aug. 29 news release said it has […]

August 30, 2018 Read More →

PJM’s Glazer pans Trump’s coal, nuclear bailout plan

S&P Global Market Intelligence ($): The federal policy coordinator of the U.S.’s largest regional grid operator asserted that moves by the Trump administration to support struggling coal-fired and nuclear power plants worsens a “headache” over accommodating public policies and state-mandated energy subsidies in competitive markets. “The actions of President [Donald] Trump and Energy Secretary [Rick] […]

June 6, 2018 Read More →

FirstEnergy Nuclear Closures No Threat to Grid, PJM Says

Cleveland Plain-Dealer: PJM Interconnection today said it has determined that FirstEnergy’s power plant subsidiary can shut down its three nuclear power plants within three years without destabilizing the 13-state power grid that PJM manages. At the same time, PJM announced its intention to look at “fuel security” in the face of the utility industry’s growing […]

May 1, 2018 Read More →

Murkowski: No Senate Action Now on FirstEnergy Bankruptcy

S&P Global Market Intelligence ($): U.S. Senate Energy and Natural Resources Committee Chairman Lisa Murkowski said she is alarmed about the premature closure of U.S. nuclear plants but that her committee is unlikely to weigh in on merchant generator FirstEnergy Solutions Corp.’s request for the U.S. Department of Energy to help keep several of its at-risk […]

April 11, 2018 Read More →

Natural Gas, Plant Closures To Challenge Coal In 2018

SNL: The coal sector found some balance in 2017 and hopes for a stable 2018, but another round of plant retirements and new natural gas facilities in the pipeline threatens to further diminish the industry’s domestic customer base in the coming months. The sector remains in secular decline despite a slight correction in markets as […]

January 5, 2018 Read More →

IEEFA Report: ‘Natural Security’ Argument for Saving 2 Power Plants Is a Red Herring Meant to Distract From an Ohio Valley Electric Bailout

Keeping Kyger Creek and Clifty Creek on Life Support Would Cost Ratepayers $1.4 Billion; Market Conditions Will Continue to Undermine Viability of Aging Coal-Fired Plants; Public Resources Are Better Spent on Investing in Transition; Neither Generator Is Needed for Grid Stability

June 20, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a research brief questioning a bill in the Ohio legislature that would bail out two failing coal-fired power plants owned by the Ohio Valley Electric Corporation (OVEC) and keep the plants alive at huge expense to ratepayers. The plants […]

IEEFA Update: Electricity Auctions Across Major Swaths of U.S. Spell Further Distress for Fading Coal Plants

More Capacity From Gas-Fired Generation and Renewable Sources Creates an Existential Problem for the Old Order

Coal-fired electricity plants across much of the U.S. earn their revenues by selling megawatt hours (MWh) into competitive wholesale capacity markets in the capacity that generation represents in megawatts (MW). The trends in the revenue these plants earn through selling their capacity in periodic auctions are increasingly worrisome for their owners.  Energy market prices have […]