News

Settlement paves way for Consumers Energy coal phase-out in Michigan

Energy News Network: Consumers Energy has reached an agreement with a broad coalition of advocates on the utility’s long-term clean energy transition, weeks after the plan was in jeopardy due to disputes over key provisions. In June 2018, Consumers was the first utility to file a long-term integrated resource plan as required in 2016 state […]

March 26, 2019 Read More →

Dominion sets closure date for Chesterfield coal units

Richmond Times-Dispatch: Dominion Energy is planning to permanently retire 10 of its energy-producing power plant units — most of which were built to burn coal — by the end of the month. A Dominion spokesman said the units had been placed on reserve last year with the possibility of coming back online. Retiring the units, […]

March 26, 2019 Read More →

Switzerland’s UBS says it no longer will finance new coal-fired plants

S&P Global Market Intelligence ($): UBS Group AG said it will no longer provide project-level finance to new coal-fired power plants around the world, as it outlined tighter rules on funding such transactions. Switzerland-based UBS noted it will only finance existing coal-fired operators — defined as being more than 30% reliant on coal — that […]

March 26, 2019 Read More →

IEA: Carbon emissions hit record high in 2018

Reuters: Global energy-related carbon emissions rose to a record high last year as energy demand and coal use increased, mainly in Asia, the International Energy Agency (IEA) said on Tuesday. Energy-related CO2 emissions rose by 1.7 percent to 33.1 billion tonnes from the previous year, the highest rate of growth since 2013, with the power […]

March 26, 2019 Read More →

China’s largest coal company lowers 2019 outlook

Caixin Global: China’s largest coal company is lowering its operational targets for this year, while making a case for a rosier long-term outlook, according to a fiscal performance conference Monday. State-owned China Shenhua Energy Company — whose shares are traded in Shanghai and Hong Kong — plans to produce 290 million tons of coal for […]

March 26, 2019 Read More →

Navajo Nation ends bid to buy coal plant

Arizona Republic: The last lifeline for the Navajo Generating Station coal-fired power plant near Page was cut Thursday night when Navajo lawmakers voted to end their efforts to acquire the plant and keep it running. The utilities that co-own the plant — Salt River Project, Arizona Public Service Co., Tucson Electric Power and NV Energy […]

March 25, 2019 Read More →

Report finds 211GW of U.S. coal generation under serious economic threat

CNN Business: The simple laws of economics threaten to doom America’s remaining coal power plants. Wind and solar costs have plunged so rapidly that 74% of the U.S. coal fleet could be phased out for renewable energy — and still save customers money, according to a report released on Monday by Energy Innovation, a nonpartisan […]

March 25, 2019 Read More →

Financial reports show PRB coal production to fall again this year

Casper Star Tribune: Wyoming’s largest coal mines are likely to make more cuts to production in 2019, financial reports show. Peabody Energy, which operates the North Antelope Rochelle, Rawhide and Caballo mines in Wyoming, is dropping its midrange production expectations by about 10 million short tons, according to the firms’ most recent earnings report. Arch […]

March 25, 2019 Read More →

New Mexico’s San Juan coal plant headed for closure with signing of clean energy law

Santa Fe New Mexican: Gov. Michelle Lujan Grisham signed sweeping energy legislation on Friday that calls for New Mexico’s major electric utilities to get 100 percent of their power from carbon emission-free sources by 2045. One of the most ambitious and contentious laws passed during the 60-day legislative session that ended a week ago, Senate […]

March 25, 2019 Read More →

Colorado legislator pushes bill to pave the way for early coal plant closures

Greentech Media: Increasingly affordable wind and solar power are rendering an ever-larger share of the United States’ existing thermal power plants uneconomic. Aging coal-fired power plants are especially vulnerable in this head-to-head, brown versus green match-up. Policymakers across the country are now grappling with how to reduce the cost of sending money-losing fossil power plants […]

March 25, 2019 Read More →