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IEEFA Update: In Ruling Against Another Bailout Scheme by FirstEnergy, FERC Strikes a Blow Worth Hundreds of Millions for Ratepayers

IEEFA Update: In Ruling Against Another Bailout Scheme by FirstEnergy, FERC Strikes a Blow Worth Hundreds of Millions for Ratepayers

More Bad News for an Out-of-Step Electricity Company Struggling to Stave Off Bankruptcy

By rejecting a bailout maneuver last week in West Virginia by Ohio-based FirstEnergy, the Federal Energy Regulatory Commission last week ended up protecting Mon Power and Potomac Edison customers from incurring hundreds of millions of dollars of unnecessary costs over the next 15 years. FirstEnergy’s scheme would have transferred the Pleasants Power Station, which is […]

January 16, 2018 Read More →

Australian Solar Installations Set Record in 2017

Bloomberg: Australia, one of the world’s biggest users of rooftop solar panels, likely added the most new capacity on record last year as electricity users sought to ease escalating power bills. A preliminary estimate by Australia’s Clean Energy Regulator of 1.05 gigawatts installed last year would be a record for the country, the government body said in an […]

January 16, 2018 Read More →

Lanco Close to Escaping Disastrous Griffin Purchase

The West Australian: Indian group Lanco Infratech has escaped a $200m payment linked to its disastrous purchase of the Griffin coal mine as part of a confidential settlement of one of [Western Australia’s] biggest commercial court cases. The settlement late last year coincided with insolvency firm KordaMentha flagging a final distribution of about $80m to […]

January 12, 2018 Read More →

On The Blogs: Japan To Propose Offshore Wind Development Rules

Offshore Wind Biz: The Japanese government will submit a bill on offshore wind development to the National Diet on 22 January, according to Japan Times. Given that Japan does not have unified rules for offshore wind operations, the bill would bring more clarity within the industry as it specifies the rules. If the bill gets […]

January 12, 2018 Read More →

California Regulators Vote to Close Diablo Canyon

San Francisco Chronicle: California’s last nuclear power plant — Diablo Canyon, whose contentious birth helped shape the modern environmental movement — will close in 2025, state utility regulators decided Thursday. The unanimous vote by the California Public Utilities Commission will likely bring an end to nuclear energy’s long history in the state. State law forbids building […]

January 12, 2018 Read More →
IEEFA Update: Two Clear and Opposing Directions Emerge for Puerto Rico
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IEEFA Update: Two Clear and Opposing Directions Emerge for Puerto Rico

Fight Around Renewable Energy Intensifies; Federal Oversight Board Joins Island's Governor in Ignoring Legal Requirements for Energy Commission Approval of New Projects

Sixteen weeks after Hurricane Maria knocked out power in Puerto Rico, and with 45 percent of the island still in the dark, the political battle lines over what direction the electricity system will take are sharpening. On the one hand, the Puerto Rico Energy Commission (which regulates the island’s electricity system) last week proposed rules […]

and January 11, 2018 Read More →

Tesla’s Aussie Success Paves Way For More Projects

Australia’s renewable energy sector responds to the success of South Australia’s Tesla lithium ion battery: South Australia will build the world’s largest solar thermal plant, and a Queensland wind farm may be the site of a new record-breaking battery. The Aurora solar plant in Port Augusta, SA, will begin construction this year. The $650 million, 150-megawatt […]

January 11, 2018 Read More →

PREPA Failure to Distribute Grid-Repair Equipment ‘Borders on Criminal Act’

The Intercept: On Saturday, a day after becoming aware of a massive store of rebuilding materials being held by the Puerto Rico Electric Power Authority, the U.S. federal government — the Federal Emergency Management Agency, the U.S. Army Corps of Engineers, along with their security detail — entered a Palo Seco warehouse owned by the public […]

January 11, 2018 Read More →

Green Policies Are Good For Jobs—Norwegian Prime Minister to Trump

AP: Norway’s prime minister told President Donald Trump on Wednesday that her country remains committed to the Paris climate agreement, making the business case of the “green economy” to the real estate developer-turned president. Prime Minister Erna Solberg noted that many Norwegians drive U.S.-made Tesla electric cars and said her country saw “tremendous economic and […]

January 11, 2018 Read More →

China Takes Lead In New Energy Economy, IEEFA Report Shows

The Guardian: China is moving toward becoming a global leader in renewable technology as the U.S. pulls away, a new report has said. China is the world’s biggest emitter of greenhouse gases and still invests in coal but in recent years it has become the largest investor in domestic renewable energy. The country is now on track to […]

January 10, 2018 Read More →