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

Ohio Continues to Thwart Wind-Industry Potential

Associated Press: Wind energy’s future in Ohio is at a crossroads. Two much different proposals — one easing restrictions stifling new wind farms and another adding more hurdles for future development — are being pitched to state lawmakers and regulators. Ohio over the past three years has seen new plans for large-scale wind projects come […]

February 20, 2018 Read More →
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 Update: A Case That Suggests Regulators Are Tiring of Campaigns to Bail Out Failing Power Plants

IEEFA Update: A Case That Suggests Regulators Are Tiring of Campaigns to Bail Out Failing Power Plants

FirstEnergy Throws in the Towel on Its Latest Play in West Virginia

It’s to the benefit of ratepayers that FirstEnergy this week announced that it will drop its scheme to transfer the Pleasants Power Station from deregulated subsidiary Allegheny Energy Supply to West Virginia regulated subsidiaries Mon Power and Potomac Edison. The move would have shielded the coal-fired Pleasants plant from market competition, forcing West Virginia ratepayers […]

February 8, 2018 Read More →

Editorial: Let Ohio Join 21st-Century Energy Markets

Columbus Dispatch: Ohio is at an energy crossroads: We can join states and countries that are broadening their options by encouraging the development of wind, solar and other alternative sources, or we can protect the status quo and ignore innovations. The latter path is all too comfortable to current state lawmakers. Two pending bills help […]

January 30, 2018 Read More →

FirstEnergy, Major U.S. Utility, Will Close Ohio Nuclear Plant and Is Considering Shutdown of Coal-Fired Generation Stations as Well

Toledo Blade: The utility’s Davis-Besse nuclear plant is headed for a premature closing. The outlook for FirstEnergy’s coal-fired power plants and its other nuclear plants — its twin-reactor Beaver Valley nuclear plant west of Pittsburgh and its Perry nuclear plant east of Cleveland — is just as bleak, said James Pearson, FirstEnergy’s chief financial officer. […]

January 26, 2018 Read More →
IEEFA Update: Wishing Won’t Make it So: Industry ‘Action Plan’ for Federal Policy Changes Can’t Revive Coal Mining in U.S.

IEEFA Update: Wishing Won’t Make it So: Industry ‘Action Plan’ for Federal Policy Changes Can’t Revive Coal Mining in U.S.

Murray Energy Checklist Included Rolling Back Clean Power Plan, Changing Science Findings, Rewriting Tax Code to Disadvantage Renewables

For the first time last week, Bob Murray, the outspoken CEO of Murray Energy Corp., publicly discussed his company’s recently publicized wish list for actions that the federal government could take to support the coal industry.  Murray’s “Action Plan for the Administration of Donald J. Trump,” a once-secret document written almost a year ago, was released earlier […]

Ohio Utilities Consider Next Steps Following FERC Subsidy Decision

WKSU: Ohio utilities are considering their next steps after federal regulators knocked down a measure that would have allowed subsidies for struggling power plants. But, there are still options from state lawmakers. The proposal would have allowed utilities to charge their customers an extra fee to help prop up power plants that struggle to compete […]

January 10, 2018 Read More →

Editorial: Ohio’s War on Wind

Toledo Blade: A wind turbine company ready to invest $92 million in rural Seneca and Sandusky counties is threatening to walk away from the deal unless Ohio’s “setback” laws — which the company claims senselessly obstruct wind energy development — are repealed. The company’s complaint is well-founded. Ohio’s setback law originally mandated a minimum of […]

December 13, 2017 Read More →

Armstrong Energy, Miner of Coal in Ohio and Kentucky, Files for Bankruptcy

CNN Money: More evidence of coal’s challenges came on Tuesday as Armstrong Energy, a western Kentucky coal company, filed for bankruptcy protection. Armstrong Energy is the first coal company to succumb to bankruptcy since Trump was elected nearly a year ago, according to the Institute for Energy Economics and Financial Analysis, an environmentally focused research […]

November 2, 2017 Read More →

‘Unusual Alliances’ in Broad Ohio Opposition to Federal Coal Bailout

Midwest Energy News: Ohio energy companies, state agencies and other groups are forming some unexpected alliances in their positions for and against a federal proposal to subsidize coal and nuclear power over other forms of electricity. The proposed rule from the Department of Energy calls on FERC to revise its pricing rules to guarantee recovery […]

October 31, 2017 Read More →