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E&E News ($): South Carolina energy regulators rejected Duke Energy Corp.’s long-term electricity plan Thursday, an unusual rebuke that could push one of the biggest U.S. utility companies to add more solar and battery storage to the grid. Meanwhile, some North Carolina Democratic lawmakers, clean energy advocates and consumer groups pushed back against a wide-ranging […]
IEEFA
Wall Street Journal ($): The only nuclear-power plant under construction in the U.S. is facing delays and additional costs. Again. Earlier this week, an engineering expert working for the Georgia Public Service Commission testified that the startup of the Alvin W. Vogtle Electric Generating Plant would likely be delayed until the summer of 2022 and […]
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New York Times ($): A constellation of 5,400 offshore wind turbines meet a growing portion of Europe’s energy needs. The United States has exactly seven. With more than 90,000 miles of coastline, the country has plenty of places to plunk down turbines. But legal, environmental and economic obstacles and even vanity have stood in the […]
IEEFA
Wall Street Journal ($): Some of the world’s biggest companies and deepest-pocketed investors are lining up trillions of dollars to finance a shift away from fossil fuels. Assets in investment funds focused partly on the environment reached almost $2 trillion globally in the first quarter, more than tripling in three years. Investors are putting $3 […]
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Bloomberg ($): The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural gas plants already spews more than 7.5 million metric tons of carbon dioxide-equivalent every year. Now it’s about to get even bigger, with […]
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The Roanoke Times: For the second time, environmental regulators in North Carolina have rejected a proposed extension of the Mountain Valley Pipeline into their state. The decision Thursday by the Department of Environmental Quality came less than two months after a federal appeals court sent the case back for additional review, ruling that the department […]
Press Release, Cathy Kunkel, Suzanne Mattei and Clark Williams-Derry
Falling demand, legal and regulatory challenges spell financial peril for pipeline project
March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]
IEEFA
The Post and Courier: Dominion Energy South Carolina now says it can retire coal-fired power generation by 2030, a significant reversal from plans released by the utility just last year. Dominion’s new 15-year plan said shuttering two coal plants and converting a third to natural gas is the best option by multiple measures. Natural gas […]
Larry Shapiro
Project cancellations highlight larger stressors in the oil and gas industry
If you are a pipeline developer, landmark court victories just aren’t what they used to be. Dominion Energy and Duke Energy announced on Sunday that they are canceling their proposed Atlantic Coast Pipeline just 20 days after they won a 7-2 decision in the U.S. Supreme Court authorizing them to build the pipeline underneath the Appalachian Trail. […]
IEEFA
S&P Global Market Intelligence ($): Dominion Energy Inc. pointed to the growing importance of environmental, social and governance practices as one of the “key considerations” in weighing the sale of its midstream gas assets and narrowing its focus on cleaner energy resources. Dominion announced the sale of its natural gas transmission and storage business to […]
IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market
Falling demand, legal and regulatory challenges spell financial peril for pipeline projectMarch 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]