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Press Release
Exhibits “resource curse,” dashes expectations for jobs, taxes, and growth
The nearly six-fold increase in West Virginia’s natural gas production in the last decade, due largely to shale development, or fracking, has fallen short of expectations for economic growth, job creation, and tax revenue generation, according to a new report released by the Institute for Energy Economics and Financial Analysis (IEEFA) and the West Virginia […]
Press Release
Declining demand and more affordable renewables raise new questions about viability
January 29, 2019 (IEEFA) — Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International. The report, The Vanishing Need for the Atlantic […]
Dennis Wamsted
Cases in point: Mayo and Roxboro now operate at a fraction of their capacity
Plant closures grab most of the U.S. coal industry headlines lately, but an equally important story emerging from the data illustrates another facet of change sweeping the utility industry and its suppliers: Coal is losing its foothold as a baseload power resource. This shift is occurring nationally, but what’s happening in North Carolina is a […]
Press Release
Utilities accelerate shutdown dates; 22 plants in 14 states this year; hard-hit regions include the Ohio River Valley
Oct. 25, 2018 — U.S. coal-fired power plant closures are on pace this year to set a record, concludes a research report published today by the Institute for Energy Economics and Financial Analysis. The report — “Record Drop in U.S. Coal-Fired Capacity Likely in 2018: Utilities Are Accelerating Shutdown Dates as Plants Grow Increasingly Uneconomic”— […]
David Schlissel
Who will pay for cleanup and reclamation at sites in Ohio, Pennsylvania and West Virginia?
The overriding risk that remains from a federal court settlement this week around the FirstEnergy Solutions bankruptcy in Ohio is that taxpayers in three states will be left holding the bag on cleaning up after the company. This is no small-ticket item. It’s impossible to say what it will cost to decommission and do the […]
IEEFA
Plain Dealer: CLEVELAND, Ohio — FirstEnergy’s share price hit a 52-week high Thursday morning as news of its proposed “definitive settlement” with its bankrupt subsidiary FirstEnergy Solutions spread among investors. The settlement, filed this week in federal bankruptcy court, is FirstEnergy’s latest effort to shed itself of past and future financial responsibilities connected with FES […]
IEEFA
WV Public Broadcasting: A new economic forecast shows the recent uptick in coal production is expected to level out during the next two years and decline precipitously during the next two decades. The annual coal production report, released today by West Virginia University’s Bureau of Business and Economic Research, shows the recent uptick in coal […]
IEEFA
Roanoke Times: A federal appeals court on Friday struck down two key decisions allowing a natural gas pipeline to slice through the Jefferson National Forest. The 4th U.S. Circuit Court of Appeals sided with the Sierra Club and other conservation groups that challenged approvals by the U.S. Forest Service and the Bureau of Land Management […]
IEEFA
Charleston Gazette-Mail: While the energy industry awaits specifics on President Donald Trump’s plan to bail out struggling coal and nuclear plants, one coal waste plant in Marion County is hoping to stay open through state-level proceedings. The Grant Town Power Plant is at risk of shutting down as its owner, American Bituminous Power Partners, has […]
IEEFA
Pittsburgh Post-Gazette: Brian Anderson was hoping not to be alone at the podium at the Westin Convention Center on Monday morning. He was hoping to be flanked by officials from China Energy Investment Corp. and to watch the crowd’s eyes widen as the CEO of the Chinese giant announced its first few projects in the […]
IEEFA report: The vanishing case for the Atlantic Coast Pipeline
Declining demand and more affordable renewables raise new questions about viabilityJanuary 29, 2019 (IEEFA) — Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International. The report, The Vanishing Need for the Atlantic […]