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Seth Feaster
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. […]
Tim Buckley and Kashish Shah
Latest Energy Policy Document Supports Transition Momentum; 48 GW of Coal Plant Closures Seen Over the Next Decade
India’s newest power-sector blueprint, the National Electricity Plan 2018 (NEP 2018), reinforces the government’s commitment to transforming the Indian electricity sector, retaining a core target of 275 gigawatts (GW) of renewable energy by 2027. Meanwhile, a Central Electricity Authority data release that tracks the performance of the sector over the fiscal year to March 2018 […]
Press Release
‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’
IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]
Gerard Wynn
ContourGlobal Wants to Build According to Old Emissions Limits Instead of New Ones
London-listed power-generation investor ContourGlobal portrays its plan for a new coal-fired power plant in Kosovo as a step toward cleaner air for the small Balkan republic. But the company’s agreement with the government shows it actually hedging its bets, dithering between less- and-more polluting options. ContourGlobal’s 2017 annual report, published this month, shows that the […]
Press Release
Plan Would Hurt Ratepayers and Undermine a U.S. Commonwealth’s Entire Economy
Link to Spanish-language press release April 13, 2018 (IEEFA)— The Legislative Assembly of Puerto Rico would be acting in the public’s best interest by blocking a proposed privatization of the Puerto Rico Electric Power Authority, a new report by the Institute for Energy Economics and Financial Analysis concludes. The report — “Privatization Bill Will Not […]
Press Release
Research Brief: Regardless of Ownership, Outlook for Southwest U.S. Coal-Fired Electricity Plant Is Bleaker Than Ever
April 11, 2018 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a research brief today that finds the financial outlook for coal-fired Navajo Generating Station is bleaker than it was when the plant’s utility owners announced last year it would be retired in 2019. The plant’s owners—Arizona Public Service Company, the Salt River Project, […]
Tom Sanzillo
Big Write-Offs by Arch and Peabody; More Are Likely
Coal reserves are considered the measure of a coal company. Insurers, investors, government officials, market analysts and so on have typically considered company-reported reserves an indication of what can actually be cashed in on someday. Digging into the data in coal company disclosure statements shows how some coal producers are now acknowledging that reserves have […]
Press Release
Godda Plan, Contrary to Its Poverty-Alleviation Advertising, Would Cost Customers Dearly
April 10, 2018 (IEEFA.org): Adani’s proposed Godda Power project would prove financially unviable and a poor strategic fit for Bangladesh, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The IEEFA study—“Adani Godda Power Project: Too Expensive, Too Late, and Too Risky for Bangladesh”—finds also that the project is […]
Simon Nicholas
Structural Changes in Global Seaborne Thermal Markets Make for Long Odds
A proposal to develop a new, export thermal coal mine in Limpopo province, South Africa, faces too many headwinds to ever achieve long-term success. Resource Generation (ResGen), a company that is publicly listed in Australia and South Africa, plans to mine coal mostly for exports markets from its Boikarabelo project. The company also says it […]
Tim Buckley and Kashish Shah
Market Gains and Policy Action Drive Expansion
It’s been a few weeks since IEEFA’s publication of our case study of Tamil Nadu, India’s leading state in terms of renewable energy capacity, and developments demand an update already. Wind and solar tenders of 3 additional gigawatts have since been proposed; a 500-megawatt industrial solar park is under development; construction of a 660-megawatt coal […]
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. […]