Ohio

IEEFA Research

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

Disappearing Market Capitalization and Unsustainable Debt

We’ve just published a research brief of interest to any person, community, business, or investor with ties to Westmoreland Coal Co. The brief—“Westmoreland Coal Is in Trouble”—lays out how the company, which produces coal for electricity generation, is hobbled by debt, is losing customers, has suffered a catastrophic drop in stock price, and appears to […]

February 16, 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 Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 Read More →
IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

Update: FirstEnergy Piles Insult Onto Billions of Dollars in Injury by Threatening to Move Its Headquarters From Akron

Call me old-fashioned, but I’ve always thought investor-owned electric utilities were set up to provide power to consumers who paid for what they got.    In states where electricity is deregulated, utility companies compete for customers—just like any other business does. And in states where utilities are regulated, public-utility commissions determine how rates are set […]

August 24, 2016 Read More →
FirstEnergy’s Scheme to Protect Aging Power Plants in Ohio Will Cost Ratepayers $4 Billion

FirstEnergy’s Scheme to Protect Aging Power Plants in Ohio Will Cost Ratepayers $4 Billion

A Utility Company’s Subsidy Plan Ignores the New Energy Economy

We’ve published a report today that outlines in fresh detail how the proposed bailout of the Ohio utility giant FirstEnergy is a raw deal for ratepayers. Our report, “A $4 Billion Bailout in the Buckeye State,” concludes that the FirstEnergy scheme, if approved by the Pubic Utility Commission of Ohio, would cost ratepayers across northern […]

February 9, 2016 Read More →
In Ohio, AEP and FirstEnergy Adopt an Audacious Strategy That Could Cost Ratepayers Dearly

In Ohio, AEP and FirstEnergy Adopt an Audacious Strategy That Could Cost Ratepayers Dearly

A Model First Established in West Virginia Is Being Pushed Now in the Buckeye State

We’ve posted a research note today that explains how reregulation schemes in Ohio by FirstEnergy and AEP bear a striking resemblance to one approved in West Virginia that resulted in a recent push to raise electricity rates by 12.5 percent. The gist of our memo, “West Virginia Bailout Emboldens FirstEnergy and AEP in Ohio,” is […]

October 21, 2015 Read More →
Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised

Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised

Cost of Coal From Mine-Mouth Prairie State Plant Isnt the Bargain That Was Promised By Tom Sanzillo, Director of Finance, IEEFA

April 7, 2015 Read More →
2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus (pdf) By David Schlissel, Director of Resource Planning Analysis, Institute for Energy Economics and Financial Analysis

February 24, 2015 Read More →
Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers (Update)

Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers (Update)

  Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers Updated as of October 6, 2014 (pdf) By David A. Schlissel, Director of Resource Planning Analysis  

October 13, 2014 Read More →
Report: FirstEnergy Seeks a Subsidized Turnaround

Report: FirstEnergy Seeks a Subsidized Turnaround

FirstEnergy: A Major Utility Seeks a Subsidized Turnaround (pdf) By Tom Sanzillo, Director of Finance and Cathy Kunkel, Fellow Institute for Energy Economics and Financial Analysis

October 6, 2014 Read More →

More News and Commentary

U.S. coal company works behind the scenes to thwart Lake Erie wind-energy project

Cleveland Plain Dealer: Boaters and birders have been upfront about their opposition to the six-turbine Icebreaker Wind project planned for Lake Erie, but a new, powerful voice of resistance has recently emerged: Big Coal. In documents and sworn statements filed with the Ohio Power Siting Board on Thursday, the wind farm developers presented evidence that […]

August 6, 2018 Read More →

Ohio gas developer and Trump supporter blasts coal bailout

The Vindicator: The day after becoming the Republican Party’s presumptive presidential nominee in May 2016, Donald Trump made a promise at a campaign event in Charleston, W.Va. “We’re going to put the miners back to work,” he said, as thousands of coal miners got to their feet. “We are going to get those mines open.” […]

July 23, 2018 Read More →

Alliance Resource Partners’ bottom line takes a hit from Ohio coal plant closures

E&E News: Few coal executives are closer to the White House than Joseph Craft III. The CEO of Alliance Resource Partners LP texts with EPA Administrator Scott Pruitt. His wife serves as the ambassador to Canada. And he is a regular at administration events where the coal industry’s fortunes are at stake. But the Trump […]

July 6, 2018 Read More →

Ohio Contractor Transitions From Nuclear and Coal to Solar

Midwest Energy News: An Ohio construction firm that got its start working on nuclear and coal-fired power plants is now experiencing steady growth from solar and energy efficiency projects for industrial and institutional customers. Rudolph Libbe Group celebrated a ribbon-cutting ceremony last week at its new Northeast Ohio headquarters in suburban Cleveland. The renovated building […]

May 23, 2018 Read More →

Ohio’s Last Planned Coal Plant Is Scrapped

Ohio Public Radio: After years in limbo, a plan to build a new [600 megawatt] coal-fired plant in the state has been scrapped. That leaves no proposals for new coal plants in Ohio. Environmental groups see this as a critical turning point. Since the early 2000s, the Lima Energy plant has been on again and […]

May 18, 2018 Read More →

FirstEnergy Bailout Plea Faces Opposition From Within Trump Administration

Bloomberg: A bankrupt power generator’s plea for President Donald Trump to help save money-losing power plants has drawn opposition from key administration officials, slowing action on the proposal, according to two people familiar with the deliberations. FirstEnergy Solutions Corp. asked the Trump administration last month to immediately declare a grid emergency and guarantee profits for […]

April 23, 2018 Read More →

Power Producer Group Opposes FirstEnergy Bailout

Washington Examiner: Power plant owners are urging President Trump to reject a plea by an Ohio power provider to save its fleet of coal and nuclear plants that are slated to shut down in the next three years, saying it would be legally wrong and jeopardize his America First agenda. The Electric Power Supply Association, […]

April 16, 2018 Read More →

FirstEnergy Is Losing Friends as It Campaigns for a Federal Bailout

Wall Street Journal: FirstEnergy Corp. is waging a lonely fight as it seeks to persuade the Trump administration to bail out its struggling coal and nuclear-power plants through an unprecedented emergency action that experts say would effectively end America’s largest competitive electricity market. The Ohio-based utility doubled down on coal and nuclear power in 2010 […]

April 10, 2018 Read More →

Ohio-Based Coal Company Murray Energy Says It Isn’t Going Bankrupt

S&P Global Market Intelligence: Murray Energy Corp. “currently has no plans to file for bankruptcy protection,” despite a warning issued to government officials in 2017 that the coal producer would be forced to follow if one of its largest customers sought a court-supervised restructuring. That possibility became reality March 31. In 2017, Murray Energy supplied […]

April 3, 2018 Read More →
IEEFA Ohio: FirstEnergy’s Failures Require a Fierce Response From Civic Leaders and Elected Officials

IEEFA Ohio: FirstEnergy’s Failures Require a Fierce Response From Civic Leaders and Elected Officials

A Major American Electricity Utility Has No One But Itself to Blame

FirstEnergy’s announcement this week that it will close its two nuclear plants in Ohio, as well as one in Pennsylvania, came as no surprise. The utility has been signaling for many months that it intends to get out of the power-generation business, and it has already closed all but one of its coal-fired power plants […]

March 30, 2018 Read More →