Utility trends

IEEFA Research

IEEFA Report: Privatizing Puerto Rico’s Electric Company Would Be an Impediment to Modernization  

Plan Would Hurt Ratepayers and Undermine a U.S. Commonwealth’s Entire Economy

Link to Spanish-language press release April 13, 2018 (IEEFA)— The Legislative Assembly of Puerto Rico would be acting in the public’s best interest by blocking a proposed privatization of the Puerto Rico Electric Power Authority, a new report by the Institute for Energy Economics and Financial Analysis concludes. The report — “Privatization Bill Will Not […]

April 13, 2018 Read More →
IEEFA Update: Push to Keep Navajo Generating Station Alive in Deal With Arizona Water Distributor Is Fraught With Risk

IEEFA Update: Push to Keep Navajo Generating Station Alive in Deal With Arizona Water Distributor Is Fraught With Risk

Research Brief: Regardless of Ownership, Outlook for Southwest U.S. Coal-Fired Electricity Plant Is Bleaker Than Ever

April 11, 2018 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a research brief today that finds the financial outlook for coal-fired Navajo Generating Station is bleaker than it was when the plant’s utility owners announced last year it would be retired in 2019. The plant’s owners—Arizona Public Service Company, the Salt River Project, […]

April 11, 2018 Read More →
IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

Disappearing Market Capitalization and Unsustainable Debt

We’ve just published a research brief of interest to any person, community, business, or investor with ties to Westmoreland Coal Co. The brief—“Westmoreland Coal Is in Trouble”—lays out how the company, which produces coal for electricity generation, is hobbled by debt, is losing customers, has suffered a catastrophic drop in stock price, and appears to […]

February 16, 2018 Read More →
IEEFA India: Tamil Nadu, Population 72 Million, Emerges as a National Transition Model

IEEFA India: Tamil Nadu, Population 72 Million, Emerges as a National Transition Model

A Potential Doubling in Wind Power by 2027 and Six-Fold Increase in Solar

Feb. 7, 2018 (IEEFA) — New modelling by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the Indian state of Tamil Nadu capable of doubling its wind energy capacity by 2027 and increasing its solar capacity six-fold. In a report published this week—“Electricity Transformation in India: A Case Study of Tamil Nadu”—IEEFA sees […]

February 7, 2018 Read More →
IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

Strategically Situated Tribal Lands at the Heart of the American Sunbelt Hold Crucial Market Advantages; Prudent Development Strategies Will Benefit, Protect, and Profit Local People

Jan. 3, 2017 — Locally owned utility-scale solar electricity generation offers Navajo communities an immediate generational economic-development opportunity, concludes a research brief published by the Institute for Energy Economics and Financial Analysis (IEEFA) and DinéHózhó. The report— “Window of Opportunity: Navajo Solar—A Fast-Track Community-Driven Development Approach” — details how transformative changes in the U.S. electric utility […]

December 22, 2017 Read More →
IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

New Emissions Rules Loom Large Across EU; Gas-Fired Generation and Renewables Present Better Investment Opportunities; Major Utilities Are Out of Step With Markets

October 25, 2017 (IEEFA.org) — A research paper published today by the Institute for Energy Economics and Financial Analysis finds that plans by Enel Group’s Spanish-subsidiary Endesa to sink €400 million into upgrading three aging coal-fired plants is a likely loss-making proposition under new European Union emission-control rules. The report—“How European Utilities Can Capitalize on […]

October 26, 2017 Read More →
IEEFA Brief: U.K. Government at Risk in Over-Budget Nuclear Project That Stands Incomplete

IEEFA Brief: U.K. Government at Risk in Over-Budget Nuclear Project That Stands Incomplete

A Sensible ‘Plan B’ for Hinkley Point C Project in Somerset Would Avoid Extending Public Loan Guarantees

Oct. 16, 2017 (IEEFA.org) — A research brief published today by the Institute for Energy Economics and Financial Analysis cautions the U.K. government against investing further in an unfinished nuclear project on the Bristol Channel in southwest England. The brief — “A Half-Built, High-Priced Nuclear White Elephant: How Should the U.K. Proceed With This Troubled […]

October 16, 2017 Read More →
IEEFA Texas: Latest U.S. Coal Plant Shutdown Stems From a Saga in Which Investors Failed to See Change Coming

IEEFA Texas: Latest U.S. Coal Plant Shutdown Stems From a Saga in Which Investors Failed to See Change Coming

Markets Rendered a Harsh Judgment on a Bad Private-Equity Deal, Cheap Natural Gas, and the Rise of Wind-Powered Electricity

[First of two parts.] Last week Luminant and its new parent company, Vistra, announced the imminent closure of the 1,800-megawatts Monticello Power Plant in North Texas, near the Arkansas and Oklahoma state lines. It’s been a long time coming. The plant has operated at a loss for years, having failed to compete with low natural […]

IEEFA Report: Renewable Energy Opportunity Now for Norway’s $976 Billion Pension Fund as Global Institutional Capital Migrates Out of Fossil Fuels

IEEFA Report: Renewable Energy Opportunity Now for Norway’s $976 Billion Pension Fund as Global Institutional Capital Migrates Out of Fossil Fuels

35% of Assets Reallocated Can Go Into High-Growth Sector; Risks Can Be Responsibly Managed; Possibilities Include Stocks, Index Funds and Infrastructure

Aug. 30, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a report urging Norway to allocate more of its Government Pension Fund Global (GPFG) assets to the fast-growing global renewable energy market. The report — “How Renewable Energy Holdings Can Contribute to the Growth of Norway’s Pension Fund in […]

August 30, 2017 Read More →
Why Navajo Generating Station Is No Longer Commercially Viable

Why Navajo Generating Station Is No Longer Commercially Viable

The Institute for Energy Economics and Financial Analysis (IEEFA) has done extensive research into the difficult circumstances facing Navajo Generation Station. Key findings: Declining energy market prices and rising production costs have made power produced by the plant more expensive than competing sources. Market trends are not likely to change, leaving the plant’s financial viability […]

August 16, 2017 Read More →

More News and Commentary

IEEFA Update: Push to Keep Navajo Generating Station Alive in Deal With Arizona Water Distributor Is Fraught With Risk

IEEFA Update: Push to Keep Navajo Generating Station Alive in Deal With Arizona Water Distributor Is Fraught With Risk

Research Brief: Regardless of Ownership, Outlook for Southwest U.S. Coal-Fired Electricity Plant Is Bleaker Than Ever

April 11, 2018 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a research brief today that finds the financial outlook for coal-fired Navajo Generating Station is bleaker than it was when the plant’s utility owners announced last year it would be retired in 2019. The plant’s owners—Arizona Public Service Company, the Salt River Project, […]

April 11, 2018 Read More →

FirstEnergy Is Losing Friends as It Campaigns for a Federal Bailout

Wall Street Journal: FirstEnergy Corp. is waging a lonely fight as it seeks to persuade the Trump administration to bail out its struggling coal and nuclear-power plants through an unprecedented emergency action that experts say would effectively end America’s largest competitive electricity market. The Ohio-based utility doubled down on coal and nuclear power in 2010 […]

April 10, 2018 Read More →

U.K. Utility Company Weighs Ending Coal-Fired Generation Ahead of Schedule

Reuters: British power generator Drax could end production at its coal plants ahead of a government imposed deadline of 2025, the company’s CEO said on Monday. * “We’re exploring options for repowering our remaining coal units to use sustainable biomass and gas which we believe could help us to become coal free even earlier than […]

April 10, 2018 Read More →

Editorial: Wyoming Requires an Honest Public Conversation on the Future of Its Economy

Casper Star-Tribune: Because coal in Wyoming isn’t going to reach pre-bust levels, regardless of what happens to the Clean Power Plan. Pruitt isn’t doing the industry any favors by ignoring the market forces that have driven its decline. Wyoming added five coal jobs since the bottom of the bust in 2016. That means that while […]

April 9, 2018 Read More →

U.S. Utility CEO’s See a ‘Disaggregated’ Industry Ahead

S&P Global Market Intelligence: Electric utility executives are hedging for an uncertain future by carefully embracing potentially disruptive technologies and novel regulatory structures. “What we have embarked on is essentially a path of what I call creative destruction,” Southern Co. Chairman, President and CEO Tom Fanning said Southern Co. Chairman, President and CEO Tom Fanning […]

April 9, 2018 Read More →
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IEEFA Update: Tamil Nadu Is on a Renewables Roll

Market Gains and Policy Action Drive Expansion

It’s been a few weeks since IEEFA’s publication of our case study of Tamil Nadu, India’s leading state in terms of renewable energy capacity, and developments demand an update already. Wind and solar tenders of 3 additional gigawatts have since been proposed; a 500-megawatt industrial solar park is under development; construction of a 660-megawatt coal […]

In Shift to Renewables, Alberta Sees 7,000 Jobs and $10 Billion in Private Investment Activity

Edmonton Journal: The province is taking more bids from companies interested in producing renewable electricity as part of a plan to shift 30 per cent of Alberta’s grid to green sources by 2030. The competition seeks proposals to generate a total of 700 megawatts of solar, wind, biomass or other sustainable energy, enough to supply […]

April 5, 2018 Read More →

IEEFA Update: A Renewable Energy Revolution in Uruguay for All the World to See

Wind and Solar Provided a Record 44 Percent of Total Electricity Generation in January

The latest monthly electricity data out of Uruguay shows wind and solar generation continuing to grow, reaching 44 percent of total generation in January, a new record that surpasses a 42 percent record set in December. Growth in variable renewable power market share in Uruguay has been dramatic, and the country has become a showcase […]

April 4, 2018 Read More →

Clock Is Ticking on Westmoreland Coal

Billings Gazette: Westmoreland Coal Co. stock fell to 26 cents a share Tuesday after the company with three Montana mines indicated it would consider bankruptcy. The Colorado company, which feeds the Colstrip power plant from the Rosebud Mine, and whose Absaloka Mine has been a major source of income for the Crow Tribe, revealed in […]

April 4, 2018 Read More →

Japan, Post-Fukushima, Has More Renewable-Energy Potential Than It Knows

The National (Abu Dhabi): A group advised by former prime minister Junichiro Koizumi is pushing for a bill calling for an “immediate halt” to Japan’s nuclear power sector to prevent a recurrence of the Fukushima disaster. In a report last March, the US-based Institute for Energy Economics and Financial Analysis [IEEFA] said Japan’s energy challenges […]

April 4, 2018 Read More →