U.S. Coal Fleet’s ‘Economic Maelstrom’

E&E News: U.S. power companies are set to unplug almost 12 gigawatts of coal-fired capacity this year, or about 4 percent of the American coal fleet, according to an E&E News review of federal figures. More than half of those retirements were announced after Trump beat Hillary Clinton in the 2016 presidential election. Analysts said […]

March 16, 2018 Read More →

Skepticism Persists Over Program to Develop Smaller Coal Plants

Bloomberg News: The Energy Department is thinking small to save the beleaguered coal industry — literally. The agency wants to spend $175 million on a program that would include designing at least two small-scale, coal-fired power plants. The units would have a capacity of about 200 megawatts, roughly one-third the size of a typical generator […]

March 16, 2018 Read More →

Alabama and Walmart in Solar Farm Deal

Alabama NewsCenter: Community and business leaders, as well as representatives from Walmart, Alabama Power and Clenera, gathered at the new 72-megawatt AL Solar A project in east Alabama on Thursday, March 15, to celebrate its successful launch and operation. AL Solar A, one of Alabama’s largest solar facilities, is owned by Houston-based Centaurus Renewable Energy. […]

March 16, 2018 Read More →

Pipeline Stocks Tank After U.S. Tax Break Is Rescinded

Bloomberg News: Pipeline stocks plunged after federal regulators ruled that master-limited partnerships can no longer receive a credit for income taxes they don’t pay. Williams Cos. was the biggest decliner in the S&P 500 Index, dropping as much as 12 percent, while the Alerian MLP Index, which tracks 40 partnerships, had its worst day in […]

March 16, 2018 Read More →

U.S. Coal Bailout Campaign Moves to Congress

S&P Global Market Intelligence: A new bill in the U.S. House of Representatives would provide a temporary tax credit for existing coal-fired power plants, with the goal of slowing a rising tide of retirements for generating units running on the fuel. The legislation comes after the Federal Energy Regulatory Commission rejected a proposed rule from […]

March 15, 2018 Read More →

Arizona Commission Rebukes Utilities for Continuing to Sidestep Renewables

PV Magazine: This week the Arizona Corporation Commission (ACC) voted 3-2 not to acknowledge the 15-year plans by electric utilities Arizona Public Service (APS), Tucson Electric Power (TEP) and Unisource Energy Services (UNSE). In its historic ruling, the body also put a 9-month halt to natural gas development via a 4-1 vote – with Chairman […]

March 15, 2018 Read More →

Capital Flow Into U.S. Renewable Energy Industries Remains Robust

S&P Global Market Intelligence: Despite fears that changes Congress made to the federal tax code at the end of 2017 would crimp an important source of funding for wind and solar farms, plenty of tax equity financing is still available for renewable energy projects, industry participants said. “Everybody in the financial industry is looking to […]

March 15, 2018 Read More →

Citing Cost, Florida Power & Light Drops Plans to Expand Nuclear Plant

Miami Today: Nuclear units Florida Power & Light was to build at Turkey Point have been delayed indefinitely as it’s too expensive to compete with natural gas, FPL says. In 2010, the county agreed with FPL to build two new nuclear units at Turkey Point and treat 90 million gallons daily of reclaimed water to […]

March 15, 2018 Read More →

Statoil, in Rebranding, Drops ‘Oil’ From Its Name

Bloomberg News: Statoil ASA, Norway’s biggest petroleum company, will change its name to Equinor as it seeks to broaden its energy reach beyond oil and gas production. “The world is changing, and so is Statoil,” said Chairman Jon Erik Reinhardsen in a statement. “The biggest transition our modern-day energy systems have ever seen is underway, […]

March 15, 2018 Read More →

U.S. Coal Producers’ Hope for an Asian Lifeline Seen as a Long Shot

S&P Global Market Intelligence: U.S. producers are increasingly pinning their hopes for growth on overseas markets as competition from natural gas causes a contraction of the domestic thermal coal market. However, port capacity limitations on the West Coast and the distance from Asian seaborne markets mean most U.S. producers only benefit from the trickle-down effect […]

March 14, 2018 Read More →