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IEEFA Research

IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk

IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk

Out of Step With a Global Shift in the Energy Economy

We’ve just published a report that calls into serious question Indonesia’s plans to expand its commitment to coal-fired electricity generation. The report—“Overpaid and Underutilized: How Capacity Payments Could Lock Indonesia Into a High-Cost Electricity Future”—analyzes Indonesia’s 2017-26 national energy blueprint and shows how long-term coal power contracts that the country is contemplating will not just […]

August 10, 2017 Read More →
IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

New Coal Mine Makes Even Less Sense than It Did Last Year; Hume Will Find it Hard to Compete with Higher-Quality Coking Coal

Despite the significant increase in coking coal prices that began in late 2016, the proposed Hume Coal project in the Southern Highlands of New South Wales seems no more likely to proceed now than it did when IEEFA reviewed it ten months ago. Hume Coal, a subsidiary of South Korea’s largest steel maker POSCO, has […]

IEEFA Report: Kayenta Mine Is Unlikely to Find  New Customers Once Navajo Generating Station Closes

IEEFA Report: Kayenta Mine Is Unlikely to Find New Customers Once Navajo Generating Station Closes

A ‘Buyer Beware’ on Peabody Energy Property; Regional Demand for Coal Is in Decline; Export-Market Possibilities Are Bleak; Previous Recent Mine Deals Have Failed

June 29, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today concluding that Peabody Energy’s Kayenta mine in northeast Arizona is not likely to find new customers or markets once its sole customer, Navajo Generating Station, closes. The Navajo Nation Council voted this week to approve a deal with […]

IEEFA Puerto Rico: The Aguirre Offshore Gas Port Is Unbankable

PREPA Has No Viable Plan to Finance a $380 Million Project, Leaving Ratepayers to Absorb the Costs

At the heart of the Puerto Rico Electric Power Authority’s flawed plan to upgrade the island’s crumbling electricity system lies a proposed $380 million facility to bring imported liquefied natural gas into the commonwealth. PREPA, as the authority is known, has been promoting the project for years, even though it would mean a perpetuation of […]

IEEFA Report: ‘Natural Security’ Argument for Saving 2 Power Plants Is a Red Herring Meant to Distract From an Ohio Valley Electric Bailout

Keeping Kyger Creek and Clifty Creek on Life Support Would Cost Ratepayers $1.4 Billion; Market Conditions Will Continue to Undermine Viability of Aging Coal-Fired Plants; Public Resources Are Better Spent on Investing in Transition; Neither Generator Is Needed for Grid Stability

June 20, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a research brief questioning a bill in the Ohio legislature that would bail out two failing coal-fired power plants owned by the Ohio Valley Electric Corporation (OVEC) and keep the plants alive at huge expense to ratepayers. The plants […]

IEEFA Report: ‘Payment for a Job Well Done,’ a Transition Plan in Anticipation of Shutdowns of Navajo Generating Station and Kayenta Mine

IEEFA Report: ‘Payment for a Job Well Done,’ a Transition Plan in Anticipation of Shutdowns of Navajo Generating Station and Kayenta Mine

Initiative to Limit Job Losses and Community Disruption; Investing in Economic Growth Rather Than Subsidizing Northern Arizona's Failing Coal Industry

June 6, 2017 (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a report outlining an economic- growth strategy for a region that stands to be set back severely by the closure of the Navajo Generating Station and the Kayenta coal mine. The proposal—“A Transition Plan for Communities Affected by the […]

IEEFA Update: Adani’s ‘Go-Ahead’ on Australian Mega-Coal Mine Is a Stunt

‘This Proposal Is Still a Pipe Dream’; Announcement ‘Theatrics’ Mean Little

Commenting on reports that Adani Enterprises Ltd has given the final go-ahead on the Carmichael mine proposal in Australia, Tim Buckley, IEEFA’s director of energy finance studies, Australasia said today: “An internal investment decision for the Carmichael mine is very different to an externally legally binding financial close. This proposal is still a pipe dream.” […]

IEEFA Update: As Australia Fights a Domestic Gas Shortage, New Export Plants Are at Risk of Closure

IEEFA Update: As Australia Fights a Domestic Gas Shortage, New Export Plants Are at Risk of Closure

‘Fiddling Around and Allowing the Cartels to Fleece Consumers’

nJune 5, 2017 (IEEFA.org) – The Institute for Energy Economics and Financial Analysis today published a report detailing how a complex of expensive new liquefied natural gas plants on the east coast of Australia are struggling to stay open in the face of a global gas glut. The report—“Australia’s Export LNG Plants at Gladstone: The […]

IEEFA Report: State-Owned Utility NTPC Takes a Lead Role in India’s Electricity Transition

IEEFA Report: State-Owned Utility NTPC Takes a Lead Role in India’s Electricity Transition

Country’s Largest Generation Company—Ranked Third Globally in Coal-Fired Capacity and Seventh in Generation—Emerges as Key Supporter of Government’s Renewable-Energy Initiative

May 25, 2017 (IEEFA.org) — The state-owned Indian utility NTPC is playing a key role in India’s push toward retooling its electricity-generation system, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report—“NTPC as a Force in India’s Electricity Transition: Leading the Way Toward a New Energy Economy”—details how […]

IEEFA Report: ‘End of an Era’ for Navajo Generating Station; Vast Subsidies Would Be Required to Keep Aging Plant Online; Retirement Seen as Most Viable Option

IEEFA Report: ‘End of an Era’ for Navajo Generating Station; Vast Subsidies Would Be Required to Keep Aging Plant Online; Retirement Seen as Most Viable Option

‘No Longer Competitive’ With Rise of Natural Gas and Renewables; Staying Open Through 2022 Would Require a $740-Million-to-$1-Billion Subsidy; Through 2030 Would Require a $1.4 to $2.4 Billion Subsidy

May 10, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis today published a report detailing how the failing coal-fired Navajo Generating Station in northern Arizona will require hundreds of millions of dollars in subsidies to remain online for any length of time. The report—“End of an Era: Navajo Generating Station Is No […]

More News and Commentary

IEEFA Update: Coal Stocks Lose, However You Dice the Data

IEEFA Update: Coal Stocks Lose, However You Dice the Data

Broad Indexes Are Up in the Short, Long and Medium Term; Coal Indexes Are Not; Little Indication Producers’ Performance Will Improve

If stock prices are any measure of a company or industry’s success or failure, the coal industry has been failing now for 10 years.     The recent progress noted by many companies in their second-quarter earnings reports notwithstanding—production increases, slight improvements in profit margins, some increases in exports via East Coast ports, and purportedly […]

August 18, 2017 Read More →

IEEFA Update: Open Talk of Transition

Utility Executives Speak of ‘Greening the Fleet’; a Coal-Subsidy Scheme Backfires; Clean-Energy Lobbyists in Washington

A remarkable bit of news surfaced this week through SNL—the trade publication, not the comedy show—in an article that cobbled together recent U.S. utility-industry earnings calls that had a strikingly common theme: CEOs talking openly now about getting out of coal. Several even “seem excited” to be doing so, among them the chief executives of […]

August 18, 2017 Read More →

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 →