Newsletter News Weekly

IEEFA Research

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

November 5, 2016 Read More →

IEEFA Exxon: Telltale Crossover in Late 2014 Marks Where a Major Oil Stock Began to Go South

A Decoupling From the Larger Stock Market 2 Years Ago Portends a Future in Which the World’s Biggest Oil Company Will Be Smaller and Will Not Pay Out as Much in Shareholder Distributions

The world is moving in fits and starts but with gathering momentum toward a more diversified, low-carbon energy mix. The evidence is all around us. One exhibit, of many, is in the report we published this week—“Red Flags on Exxon: A Note to Institutional Investors”—which includes the chart here: ExxonMobil Financial Performance, 2006 – 2015 […]

October 27, 2016 Read More →
IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

Potentially Irreversible Slide; Falling Revenues, Rising Debt, Shrinking Capex, Weak Cash Balances Add to Growing Reputational Risk Tied to Climate-Change Controversy; ; Institutional Investors Owe Their Shareholders a Fiduciary Review

CLEVELAND, Oct. 26, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that indicates deep financial weaknesses at ExxonMobil (XOM) and suggests the company is in potentially irreversible decline. The report—“Red Flags on ExxonMobil (XOM)”—by IEEFA Director of Finance Tom Sanzillo, cites key metrics that include a 45 […]

October 26, 2016 Read More →

IEEFA Global: A $51 Billion Gap (and a $51 Billion Opportunity) in BRICS Nations’ Renewable Energy Development

How to Meet the Goal? Through "Blended Finance" Where Public Funds Unleash Private Money

Here, in one chart, is an IEEFA picture worth a thousand words. While some $130 billion was invested last year in renewable-energy development in the BRICS countries—Brazil, Russia, India, China, and South Africa—billions more are required if these countries are to meet their commitments to climate-change mitigation policies. The four countries, in all, have announced […]

October 17, 2016 Read More →
IEEFA Europe: Blueprint for a Lignite Phase-Out in Germany

IEEFA Europe: Blueprint for a Lignite Phase-Out in Germany

Foundation-Based Approach to Closure and Clean-Up; New Czech Owners of Vattenfall Assets in Lausitz Can Afford to Foot the Bill; a Timeline That Helps Local Communities Prepare for Transition

The recent “sale” by the Swedish state-owned utility Vattenfall of its German lignite assets throws a harsh light on a dark paradox: the continued use of the world’s most carbon-intensive fuel by a country with some of the most ambitious targets to tackle climate change. The deal transfers a cluster of lignite mines and their […]

September 22, 2016 Read More →
IEEFA Texas: The Beginning of the End for Coal-Fired Electricity Across One of the Biggest Power Markets in the U.S.

IEEFA Texas: The Beginning of the End for Coal-Fired Electricity Across One of the Biggest Power Markets in the U.S.

Report Finds Seven Plants Emblematic of a Fading Industry

We published a research report today describing how the coal-fired electricity industry in Texas is in decline and unlikely to recover in the face of rising competition from other energy sources. Our report—“The Beginning of the End: Fundamental Changes in Energy Markets Are Undermining the Financial Viability of Coal-Fired Power Plants in Texas”—looks specifically at […]

September 12, 2016 Read More →
IEEFA Report: A Cynical Re-Regulation Strategy in West Virginia

IEEFA Report: A Cynical Re-Regulation Strategy in West Virginia

FirstEnergy’s Machinations Around the Pleasants Power Station Are Designed to Shift Risk to Ratepayers

In seeking to get the West Virginia Public Service Commission to allow it to sell all or a portion of its Pleasants Power Station, Ohio-based FirstEnergy Corp. is following a strategy of re-regulation that stands to benefit shareholders at ratepayer expense. The coal-fired 1,300-megawatt Pleasants plant is currently owned by a FirstEnergy deregulated subsidiary, Allegheny […]

September 8, 2016 Read More →
IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

Update: FirstEnergy Piles Insult Onto Billions of Dollars in Injury by Threatening to Move Its Headquarters From Akron

Call me old-fashioned, but I’ve always thought investor-owned electric utilities were set up to provide power to consumers who paid for what they got.    In states where electricity is deregulated, utility companies compete for customers—just like any other business does. And in states where utilities are regulated, public-utility commissions determine how rates are set […]

August 24, 2016 Read More →
IEEFA Report: India Clings to Questionable Ultra Mega Power Plant Plans

IEEFA Report: India Clings to Questionable Ultra Mega Power Plant Plans

Viability Issues Continue to Complicate New Coal-Fired Projects

We’ve published a report today noting that while India has undergone an admirable energy-policy shift over the past few years, it is clinging unwisely to plans to build two costly coal-fired Ultra Mega Power Plants. Our report—“India’s Questionable Ultra Mega Power Plans”— details how these UMPP projects stand in jarring contrast to better-advised initiatives that […]

August 3, 2016 Read More →
IEEFA Kentucky: Owensboro Coal-Fired Power Plant Is No Longer Viable


IEEFA Kentucky: Owensboro Coal-Fired Power Plant Is No Longer Viable


Increasingly Expensive to Operate and a Drain on Ratepayers 


We’ve published a memorandum today explaining why the aging coal-fired Elmer Smith power plant in Owensboro, Ky., must be retired soon and how Owensboro Municipal Utilities would do well to invest in renewable electricity generation instead. Our memorandum describes how the plant—whose two units date from 1964 and 1974—has become increasingly uneconomic to operate and […]

More News and Commentary

U.S. Energy Secretary Seems to Have Learned Nothing From His Texas Electricity Failures

Texas Observer: In late 2005, then-Governor Rick Perry was in the middle of a protracted battle with a coalition of environmentalists, renewable energy advocates, mayors and local leaders. TXU, the state’s largest utility, had announced that it wanted to build 11 new coal plants. At the time, natural gas and coal made up about 46 […]

October 20, 2017 Read More →

U.S. Plan to Aid Coal and Nuclear Plants Gets a Bipartisan Thumbs Down From Past Regulators

Washington Post; Energy Secretary Rick Perry’s bid to change regulations to help coal and nuclear power plants has run into unusually blunt opposition from a group of former regulators from both parties. Eight former members of the Federal Energy Regulatory Commission — including five former chairmen — have filed a letter with the commission opposing […]

October 20, 2017 Read More →

California and New Mexico AGs Sue to Restore Closure of Loophole on Coal Taken Off Federal Lands

Law 360: The attorneys general of California and New Mexico have again gone to court to challenge a U.S. Department of the Interior decision to revoke an Obama-era rule tweaking royalty calculations for oil, gas and coal extracted from federal and tribal lands, arguing Tuesday that the regulation was repealed without adequate consideration. California AG […]

October 20, 2017 Read More →

As Blackout Drags On, Uncertainty Over Whether Puerto Rico Will Modernize Its Grid

E&E: The facts also are that Puerto Rico remains a disaster area unlike  anything the nation has experienced in modern times, said Tomás Torres of the Institute for Competitiveness and Sustainable Economy of Puerto Rico. “After a month, 90 percent of the people of Puerto Rico are without power,” Torres said, interviewed as he traveled […]

October 20, 2017 Read More →

Execs at Coal Giant Rio Tinto Face Fraud Charges For Overstating Mine’s Worth by Billions

Reuters: The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc (RIO.L) (RIO.AX) and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. The U.K.’s Financial Conduct Authority (FCA) […]

October 20, 2017 Read More →

IEA Report: Renewables Will Supplant Coal in Alleviating Global Electricity Poverty

Carbon Brief: Around the world, more than a billion people still lack access to electricity. This number is shrinking, down by one third since 2000, despite rising population levels, according to an International Energy Agency (IEA) special report on energy access, published today. The report says that while coal has supplied nearly half of the […]

October 19, 2017 Read More →

Q&A: Why Banks Are Steering Clear of Coal

Huffington Post Australia: As news broke of the government’s decision to ditch the proposed Clean Energy Target (CET) and adopt instead the hastily cobbled-together “National Energy Guarantee” (NEG), Energy Finance Analyst Tim Buckley, from the Institute for Energy Economics and Financial Analysis (IEEFA), went on Sky News and voiced strongly worded opposition to the plan. […]

October 19, 2017 Read More →

Report: Trump Is Worse for Coal Than Obama Was

Axios: The Brattle Group’s analysis, which was presented to the Energy Bar Association Tuesday, highlights a major tension running through Trump’s pro-fossil fuel initiatives: Helping coal is tougher when you’re supporting natural gas too. What they examined: Brattle forecast the production and employment effect of pro-coal policies, like killing EPA’s big power industry climate rule […]

October 19, 2017 Read More →

‘Plug and Play’ Solar Finds Markets in Nebraska and Ohio

Midwest Energy News: Utility customers in Ohio and Nebraska are among those taking advantage of a new and simpler technique for connecting solar arrays and other renewable energy systems to the grid. ConnectDER, as it’s known, generally eliminates the need to enter a home and it greatly reduces the amount of electrical work required. “It […]

October 19, 2017 Read More →

On the Blogs: A ‘Rear-Guard’ Action by the White House

Vox: There are still hundreds of plants in operation in the US, producing roughly a third of US power, but one in four of those plants is slated to retire or shift to natural gas, and another 17 percent beyond that are uneconomic, running only by virtue of being shielded from competition. As Department of […]

October 19, 2017 Read More →