Texas

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: ‘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

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 →

‘Fastest-growing solar market in the U.S.,’ Texas signs $100 million deal with project developer

Texas Public Radio: A deal announced Monday could mean a $100 million towards solar projects in Texas. Austin-based solar power company PowerFin Partners will develop and build the projects and Toronto-based real estate investors Fengate will finance the deals as part of today’s announced co-development deal. “Financing of solar projects is pretty difficult,” said Tuan […]

June 12, 2018 Read More →

Xcel, Hewing to ‘Steel for Fuel’ Strategy, Presses Ahead With Wind Farms in Texas and New Mexico

Utility Dive: The Texas Public Utilities Commission voted to approve two wind farm projects from Xcel Energy’s Southwestern Public Service — a 478 MW project in Hale County, Texas and a 522 MW wind project in Roosevelt County, New Mexico. New Mexico regulators had approved the proposal in March. The Commission also approved the power […]

May 31, 2018 Read More →

Tallest U.S. Wind Turbine Installed in Texas

North American Windpower: Goldwind Americas has completed the installation of its GW 3MW(S) Smart Wind Turbine test unit at the UL Advanced Wind Turbine Test Facility at West Texas A&M University. The scalable, 3 MW test turbine has an assembled hub height of 130 meters and a blade tip height of 199.2 meters, making it the […]

May 11, 2018 Read More →

Wind Farms Are a Good Deal for Local Communities—Moody’s

Reuters: Wind farms have boosted local tax bases and generated new revenue as they expand across the United States, especially for rural areas, Moody’s Investors Service said in a report on Monday. “What we’re seeing is wind farms generate new operating revenues, lower the tax burden for local residents,” Moody’s analyst Frank Mamo told Reuters. […]

May 8, 2018 Read More →

Xcel Gets Texas OK For 1.2 GW Of New Wind Power

Utility Dive: Texas regulators on Friday approved Xcel Energy’s $1.6 billion, 1.2 GW wind expansion plan, about a month after New Mexico first gave its OK. Xcel will build and own two wind farms, one in each state, along with signing a power purchase agreement (PPA) with NextEra Energy Resources for 230 MW at the […]

April 30, 2018 Read More →

Editorial: Nexus of Energy World Is Shifting—From Texas and Oil Toward Asia and Renewables

Houston Chronicle: You’ve got to wonder if they call it Dezhou Chai in Shanghai. That’s Mandarin for Texas Tea, by the way, and traders in China have set up their own pricing market for the stuff — crude oil. The establishment of a new trading price shows how the growing Asia-Pacific markets are becoming a […]

April 30, 2018 Read More →
IEEFA Update: Taxpayer Exposure to U.S. Coal Reclamation Costs Runs Deep

IEEFA Update: Taxpayer Exposure to U.S. Coal Reclamation Costs Runs Deep

Public Risk in Alaska, Colorado, Missouri, North Dakota, Texas, Virginia, West Virginia, and Wyoming

A report that came out last month from the nonpartisan Government Accountability Office recommends that Congress eliminate the risky system of self-bonding by coal-mining companies. But the report also raises concerns about the financial stability of surety-bond companies, a much more common form of reclamation bonding, as well as problems with underfunding for mine cleanup costs. […]

April 20, 2018 Read More →

Vistra CEO: Coal Is ‘On Its Way Out’

CNBC: Coal is becoming a less competitive energy source with cheaper options like natural gas and other renewables on the market, Vistra Energy CEO Curtis Morgan told CNBC on Monday. “I don’t believe [coal] is going to have a renaissance,” Morgan said in an exclusive “Mad Money” interview. “I think it’s on its way out. As much […]

April 17, 2018 Read More →

Data Update: Texas and Oklahoma Lead U.S. Wind Race

S&P Global Market Intelligence ($): During the last quarter of 2017, 3,799 MW of wind capacity came online in the U.S., mostly in two states. According to an S&P Global Market Intelligence analysis, another 75,250 MW of wind capacity in various stages of development are scheduled to be completed through 2023. Together, Texas and Oklahoma […]

March 23, 2018 Read More →