Texas

IEEFA Research

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

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: ‘Here and Now’ — Nine Electricity Markets Leading the Transition to Wind and Solar

California, Denmark, Germany, Ireland, South Australia, Spain, Tamil Nadu, Texas, and Uruguay; Breakneck Speed Is Overtaking Academic Discussion; Renewables Are Providing Security of Supply

Feb. 14, 2018 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis details how nine major power markets around the world have achieved an outsize share of wind and solar generation while assuring security of supply and are providing compelling examples of the fast-moving evolution of electricity generation. The report, “Power-Industry […]

February 15, 2018 Read More →
IEEFA Texas: Latest U.S. Coal Plant Shutdown Stems From a Saga in Which Investors Failed to See Change Coming

IEEFA Texas: Latest U.S. Coal Plant Shutdown Stems From a Saga in Which Investors Failed to See Change Coming

Markets Rendered a Harsh Judgment on a Bad Private-Equity Deal, Cheap Natural Gas, and the Rise of Wind-Powered Electricity

[First of two parts.] Last week Luminant and its new parent company, Vistra, announced the imminent closure of the 1,800-megawatts Monticello Power Plant in North Texas, near the Arkansas and Oklahoma state lines. It’s been a long time coming. The plant has operated at a loss for years, having failed to compete with low natural […]

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 Texas: The Beginning of the End for Coal-Fired Electricity Across One of the Biggest Power Markets in the U.S.

IEEFA Texas: The Beginning of the End for Coal-Fired Electricity Across One of the Biggest Power Markets in the U.S.

Report Finds Seven Plants Emblematic of a Fading Industry

We published a research report today describing how the coal-fired electricity industry in Texas is in decline and unlikely to recover in the face of rising competition from other energy sources. Our report—“The Beginning of the End: Fundamental Changes in Energy Markets Are Undermining the Financial Viability of Coal-Fired Power Plants in Texas”—looks specifically at […]

September 12, 2016 Read More →

As Texas Coal-Fired Power Plants Close, Powder River Basin Mines Are Losing Their Largest Customers

Trends Will Force Closures and Complicate Efforts by Alpha Natural Resources, Arch Coal and Peabody Energy to Work Their Way Out of Bankruptcy

CLEVELAND, Aug. 3, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report detailing how Powder River Basin coal producers are losing their largest customers as Texas power producers turn increasingly to other sources of energy. The report, “Texas’ Outsize Role in the Decline of the Powder River Basin Coal […]

August 2, 2016 Read More →
Report- Energy Future Holdings and Mining Reclamation Bonds in Texas

Report- Energy Future Holdings and Mining Reclamation Bonds in Texas

Energy Future Holdings and Mining Reclamation Bonds in Texas (pdf)

October 16, 2013 Read More →
Report- Why a Forward Capacity Market Won’t Solve Texas’ Resource Adequacy Problem: The Case of Energy Future Holdings

Report- Why a Forward Capacity Market Won’t Solve Texas’ Resource Adequacy Problem: The Case of Energy Future Holdings

Report: Why a Forward Capacity Market Won’t Solve Texas’ Resource Adequacy Problem: The Case of Energy Future Holdings (pdf).   link to full report

February 14, 2013 Read More →
Report- A Texas Electric Capacity Market: The Wrong Tool for a Real Problem

Report- A Texas Electric Capacity Market: The Wrong Tool for a Real Problem

A Texas Electric Capacity Market: The Wrong Tool for a Real Problem (pdf).

February 12, 2013 Read More →

More News and Commentary

Texas utility breaks ground on solar-plus-storage project

Texas Public Radio: San Antonio’s CPS Energy held a ceremonial groundbreaking Monday for a solar power plant and storage facility it’s building with Southwest Research Institute. The five-megawatt facility will have 10 megawatts of storage — enough to power 1,500 homes — and is located on 49 acres donated by Southwest Research Institute, between Texas […]

October 9, 2018 Read More →

Oklaunion joins long list of Texas coal plants to fail economic test

Texas Observer: Chalk this one up as another loss for the White House. Last month, American Electric Power (AEP) announced that it would close its 650-megawatt power plant in Vernon, a rural community of 11,000 just south of the Texas-Oklahoma line, by September 2020. The closure of the Oklaunion Power Station is the latest in […]

October 5, 2018 Read More →
IEEFA update: Another Texas coal-plant closing, another market signal

IEEFA update: Another Texas coal-plant closing, another market signal

Change continues apace in one of the biggest electricity markets in the U.S.

American Electric Power’s confirmation this week that it plans to close its majority-owned 650-megawatt Oklaunion coal plant in Texas by 2020 may have surprised some people—particularly some policymakers in Washington. The plant is only 31 years old, which is well below the average age for the U.S. coal fleet. And as recently as 2013 it […]

September 28, 2018 Read More →

AEP will close 680MW Texas coal plant in 2020

Houston Chronicle: A north Texas coal-fired power plant will shut down in 2020 after it couldn’t make money in the Texas power market. The nearly 700 megawatt Oklaunion plant near Vernon couldn’t compete in the market run by the Electric Reliability Council of Texas or ERCOT said AEP Texas spokesman Greg Blair. “The owners voted […]

September 25, 2018 Read More →

Texas munis to make major solar buy

PV Magazine: Five utilities in Texas have announced plans to develop 500 MW of solar farms. New Braunfels Utilities (NBU), Bryan Texas Utilities, Denton Municipal Electric, Garland Power and Light and the Kerryville Public Utility Board have teamed up to create the purchasing power necessary to fund their commitment to renewable generation. For NBU, as […]

September 21, 2018 Read More →

Texas beer distributor to save big bucks with onsite solar

Solar Industry: Brown Distributing Co. and Freedom Solar Power have teamed up to install a 481 kW rooftop solar project atop the beverage distribution company’s Texas facility. Brown Distributing is located on a 30-acre facility northeast of downtown Austin. The building features 125,000 square feet of warehouse space and 9,482 square feet of draught product […]

August 21, 2018 Read More →

Little summer impact on Texas grid after closure of three coal plants

Bloomberg News: Texas’ power grid had all the right elements to create an electricity price surge in mid-July — record usage and temperatures and a supply curtailment from the shutdown of three major coal plants. But aside from a few hours here and there, not much happened. And that may prove costly for traders sitting […]

August 1, 2018 Read More →

More wind helps Texas grid weather heat wave

KUT: Take a rapidly growing state, add a scorching heat wave, and you have a recipe for historically high electricity use. So it was that Texas broke the record for power demand three times in the last week. Through it all, the state’s electric grid operated without major disruption. That success nevertheless revealed some interesting […]

July 26, 2018 Read More →
IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

Biggest Texas solar facility to be linked with electricity storage unit

PV Magazine: Most of the renewable energy news we hear coming from Texas is that it has built the nation’s largest fleet of wind power – which is in large part by socializing the cost of power lines to bring that power to the state’s population centers. And as a result of this, the economic […]

June 18, 2018 Read More →