News

U.S. Clean-Energy Industry Prepares Business-Case Blitz Around Job Creation and Reliability

Axios: America’s clean-energy crowd is looking to shed its climate reputation and appeal more to a Republican-controlled Washington. An unusually broad and diverse coalition of 10 clean-energy associations are organizing a lobbying and advertising push next month to highlight how the industry is creating jobs and providing reliable electricity, with less focus on the sector’s […]

August 18, 2017 Read More →

Blackstone Bets Big on Low Natural Gas Prices for the Long Term

Wall Street Journal: Blackstone Group LP has a deal to buy Harvest Fund Advisors LLC, an investment-management firm with more than $10 billion in assets under management that focuses on midstream energy assets. The move is part of a large Blackstone bet that it can profit on rising natural-gas production, even if gas prices remain […]

August 18, 2017 Read More →

Norway, Seat of World’s Biggest Sovereign Wealth Fund, Urged to Modernize Its Investment Strategy, Including on Renewables

Reuters: Jobs, taxes and schools will be top of Norwegian voters’ minds when they go to the polls on Sept. 11, but it’s what to do about the nearly $1-trillion sovereign wealth fund that may be the next parliament’s biggest challenge. The world’s largest sovereign wealth fund, pooling Norway’s revenues from oil and gas production, […]

August 18, 2017 Read More →

Subsidizing Declining Appalachian Coal Seen as Having ‘Marginal’ Effect

St. Louis Post-Dispatch: Appalachian coal, high in sulfur and costly to mine, has been losing market share to other American coal-producing regions for years. Looking to stem the tide, West Virginia Gov. Jim Justice last week proposed that the federal government subsidize coal-fired power plants that buy from Appalachian mines by $15 a ton, up […]

August 18, 2017 Read More →

The Dubious Case for Appalachian Coal Subsidies

Financial Times: As technologies for renewable energy and grid management advance, the special position that coal has held since Thomas Edison’s first power plants in the 1880s has become much harder to defend. The call to subsidize coal is a sign of how the economics of power generation have been transformed. Just five years ago, […]

August 17, 2017 Read More →

Editorial: Illinois Utility Strives to Thwart Electricity-Generation Transition

The Dispatch and Rock Island Argus (Moline): Barely eight months after Illinois’ landmark Future Energy Jobs Act became law, Ameren Illinois wants state regulators to rewrite the rules. Critics estimate that, if the Illinois Commerce Commission accepts the lower energy savings targets contained in the efficiency plan Ameren filed with the ICC, consumers could pay […]

August 17, 2017 Read More →

On the Blogs: ‘For Utilities, the Storage Future Is Here’

Utility Dive: America’s energy storage market just had its biggest first quarter in history, and is growing exponentially with GTM Research projecting it to reach roughly 2.6 gigawatts (GW) in 2022 – almost 12 times total 2016 market size, with surging deployment in the utility-scale storage projects.   This growth opens up tremendous opportunity for […]

August 17, 2017 Read More →

Ohio Regulators Let Stand FirstEnergy’s $1 Billion Coal and Nuclear Bailout

Cleveland Plain Dealer: The Public Utilities Commission of Ohio today rejected multiple appeals of its October 2016 ruling giving FirstEnergy an extra $204 million a year for up to five years, officially for upgrades to the company’s local wires and substations, but say opponents, actually allowing the company to use the money in any way […]

August 17, 2017 Read More →

South Carolina Utility Expects Customers Will Pay $2.2 Billion for Company’s Abandoned Nuclear Project

Charleston Post and Courier: South Carolina Electric & Gas isn’t sure when it will move forward with a plan to charge customers for its scuttled nuclear construction project, but executives made clear to investors that the power company would do so eventually. Kevin Marsh, the chief executive of SCE&G parent SCANA Corp., told Wall Street […]

August 17, 2017 Read More →

The Problem for Coal and Nuclear: ‘Capital, With Its Lust for Growth, Continues to Migrate Elsewhere’

Bloomberg Businessweek: U.S. electricity demand has stopped growing over the past decade, partly due to recession but more a reflection of structural changes in the economy and rising efficiency. Its tough to make the economics of  a new nuclear or coal-fired plant work. By the time they are permitted and built, it can be many […]

August 16, 2017 Read More →