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IEEFA Guest Commentary: Peabody Must No Longer Be Self Bonded

IEEFA Guest Commentary: Peabody Must No Longer Be Self Bonded

‘Dodging Debt Obligations Through Bankruptcy Proceedings’

Wyoming’s Department of Environmental Quality is facing a critical decision regarding Peabody Energy and whether the company can continue to self-bond for its $728 million Wyoming coal mine cleanup obligation. Self-bonds are unsecured IOUs, uncollectable when a company hides under bankruptcy protection. Peabody is the nation’s largest coal company, and is going through Chapter 11 […]

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IEEFA Update: Adani Has Gone Quiet on Its Australia Coal Mega-Project

Developer Lacks the Capacity to Go Forward on Carmichael

The latest quarterly financial report from Adani Enterprises Ltd. is illuminating in no small part for what it does not say. Adana is the company that for years has championed construction of the proposed Carmichael project in Australia, a multi-billion-dollar undertaking that would purport to supply coal to India. Yet the project gets no acknowledgement […]

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In Seeking White House Intervention, Protectors of Arizona Coal Plant Battle Market Realities

Amy Harder, Russell Gold, and Timothy Puko for the Wall Street Journal: President Donald Trump’s promise to help the coal industry could be facing its first big test: the decision earlier this week to close a large Arizona coal-burning power plant, and a demand that Mr. Trump prevent that shutdown. Majority owners of the Navajo […]

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Germany’s ‘Energy Revolution’ Is Felt in Poland and Czechoslovakia

Zeke Turner for the Wall Street Journal: A battle is raging in Central Europe over the balance of power—the electrical kind. Poland and the Czech Republic see Germany as an aggressor, overproducing electricity and dumping it across the border. Germany sees itself as a green-energy pioneer under unfair attacks from less innovative neighbors. As part […]

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A New Spot Record for Wind Generation: 52.1% Grid Penetration Across Central U.S.

Scott DiSavino for Reuters: Wind briefly powered more than 50 percent of electric demand on Sunday, the 14-state Southwest Power Pool (SPP) said, for the first time on any North American power grid. SPP coordinates the flow of electricity on the high voltage power lines from Montana and North Dakota to New Mexico, Texas and […]

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Op-Ed: Ohio Governor’s Embrace of Renewables Can Be Replicated in Wisconsin

Josh Zepnick for the Milwaukee Journal Sentinel: Ohio Gov. John Kasich recently vetoed a bill that would have made statewide renewable and energy efficiency standards in Ohio voluntary for the next two years. Kasich understands that businesses that are the future of Ohio are committed to renewable energy. It is better for all sectors of […]

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Nevada Bill Highlighting Economic Benefits Proposes 50% Renewables Portfolio by 2040

From the Northern Nevada Business Weekly: Nevada business owners said legislation introduced Monday night by in the Nevada Legislature would set the state up to become a regional and national clean energy leader. A bill introduced by Assemblyman Chris Brooks of Las Vegas would promote the state’s renewable energy economy and put more Nevadans to […]

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On the Blogs: Call for NYC Pension Funds Divestment

From CommonDreams.org: Over 100 New Yorkers rallied at Comptroller Scott Stringer’s office, delivering a divestment valentine with thousands of petition signatures urging the City’s pension funds to divest coal, oil and gas holdings. Mayor De Blasio expressed public support for a Seattle-like divestment of the City’s pension funds, cutting ties with the banks financing the […]

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IEEFA Update: Shutdown of Navajo Generating Station Likely Blows a Hole in Peabody’s Bankruptcy Plan

IEEFA Update: Shutdown of Navajo Generating Station Likely Blows a Hole in Peabody’s Bankruptcy Plan

Company Seen as Unlikely to Meet its Production or EBITDA Projections; Fate of Plant Is Emblematic of Larger Shift

Bankrupt Peabody Energy is being dealt a fresh setback on news this week that owners of the coal-fired Navajo Generating Station don’t expect to keep the plant open past 2019. The 2,500-megawatt station in Northern Arizona is owned by a consortium of public and private utilities with significant service areas in several states. While Peabody […]

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On the Blogs: India Solar Power Industry Is Here to Stay

Saptak Ghosh for the Economic Times of India EnergyWorld blog: The solar revolution in India marches on, with renewed momentum, if the recently concluded reverse bidding auction for a 750 MW Solar Park in Madhya Pradesh is any indication. Mahindra Renewables Pvt. Ltd., Acme Solar Holdings Pvt. Ltd. and Sweden’s Solenergi Power Pvt. Ltd. successfully […]

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