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Con Ed buys Sempra solar assets for $1.5 billion

Renewables Now: Consolidated Edison Inc., or Con Edison, said Thursday it has entered into an agreement to acquire a unit of Sempra Energy that holds 981 MW of operating renewable power plants in the US. The transaction was agreed at a purchase price of USD 1.54 billion (EUR 1.31bn), which takes into consideration USD 576 […]

September 21, 2018 Read More →

LG&E, KU propose green tariff for corporate market

Daily Energy Insider: Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) said recently that they will propose a Green Tariff to promote renewable energy growth and economic development in a rate review filing on Sept. 28. LG&E and KU currently have solar offerings for commercial and industrial customers, a subscription-based community solar […]

September 21, 2018 Read More →

China’s contributions to global climate finance well recognized

People’s Daily Online: China plays an indispensable role in promoting global climate finance, said participants at a forum of the Global Climate Action Summit 2018 held recently, the official Weibo account of China News Agency reported. The summit was co-hosted by China’s Ministry of Ecology and Environment, the government of California, the International Finance Forum, […]

September 21, 2018 Read More →

IEEFA update: Peabody continues to grapple with decline

Lease relinquishments are a sign of deeper trouble

In Peabody Energy’s recent relinquishment of some of its federal coal leases, the company is cleaning up its production cost side in the face of declining demand, particularly for the lower-quality 8400 BTU product that comes out of the Powder River Basin. The particular Wyoming coal in question has gone from being an asset to […]

September 20, 2018 Read More →

Las empresas que llevaron a Puerto Rico a su deuda tienen capacidad para compensar al País’

Kaosenlared.net (Colombia): En su atención más reciente a la situación económica de Puerto Rico, el Instituto para el Análisis Económico y Financiero de la Energía (IEEFA, siglas en inglés) plantea sobre el informe encomendado por la Junta de Control Fiscal (JCF) a la firma Kobre & Kim acerca de la deuda de Puerto Rico, que […]

September 20, 2018 Read More →

‘Other industrial behemoths will follow’ as Japanese developer signals exit from coal

Energy Mix: The decision this week by Tokyo-based industrial conglomerate Marubeni to step away from any future role in developing coal-fired power plants is a signature moment that almost certainly signals that “other industrial behemoths will follow,” according to an assessment by the Institute for Energy Economics and Financial Analysis (IEEFA). Marubeni, until now one […]

September 20, 2018 Read More →

Indiana utility to close all coal plants by 2028

Northwest Indiana Times: NIPSCO has a tentative plan to retire its entire coal-fired electricity generation fleet in the next decade, with the majority of its coal-fired generators to be retired in the next five years. The company made the announcement Wednesday at the fourth of five public meetings detailing the development of a new Integrated […]

September 20, 2018 Read More →

Report: Energy efficiency as a resource is two or three times bigger than commonly known

Utility Dive: A new paper by the cofounder and chief scientist of the Rocky Mountain Institute (RMI) seeks to challenge conventional wisdom when it comes to energy efficiency, positing that the size and cost of the potential resource base is much larger and cheaper than previously believed. The misunderstanding is fundamental, according to physicist Amory […]

September 20, 2018 Read More →

Wyoming moves forward with self-bonding limits

Casper Star Tribune: Wyoming’s largest coal mines would effectively be banned from self-bonding if the proposed rules that passed an advisory board Wednesday make it through one more round of public input and onto the governor’s desk. At a sparsely attended meeting in Casper, citizen members of the Land Quality Advisory Board voted 4-1 to […]

September 20, 2018 Read More →

Malaysia’s Tenaga looks to increase renewable generation

Bloomberg: Tenaga Nasional Bhd., the most valuable listed utility company in emerging Asia, is looking to sell its gas-fired power plant in Pakistan as it pushes forward with a plan to rely more on renewable sources of energy. Malaysia’s state-owned electricity producer wants to reduce reliance on fossil fuel, which accounts for about 70 percent […]

September 20, 2018 Read More →