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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

Corporate Strategy at D.C. Ratepayer Expense: Exelon’s Proposed Acquisition of Pepco Holdings

Corporate Strategy at D.C. Ratepayer Expense: Exelon’s Proposed Acquisition of Pepco Holdings

We’re releasing a new report today that explains how Exelon Corp.’s proposed $6.8 billion acquisition of Pepco Holdings would hurt ratepayers in Washington, D.C. Our report, “Exelon’s Proposed Acquisition of Pepco: Corporate Strategy at Ratepayer Expense,” is posted here. Here’s a snapshot: The deal, if it goes through, would expose customers to rate increases aimed at […]

January 21, 2015 Read More →

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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

Annova cancels planned LNG export terminal in South Texas

Platts ($): Exelon Corp.-backed Annova LNG has scrapped development of a proposed 6.5 million-tonnes-per-year natural gas export facility in South Texas, the operator said in a March 22 statement. The operator, in response to questions from S&P Global Platts, said the decision was the result of “changes in the global LNG market.” The decision to […]

March 23, 2021 Read More →
IEEFA U.S.: Investors would best avoid two proposed Virginia combined-cycle gas plants

IEEFA U.S.: Investors would best avoid two proposed Virginia combined-cycle gas plants

Unneeded projects, if they go forward, will likely end up as stranded assets

Investors should think twice before putting any money into two proposed natural gas-fired combined-cycle power plants in central Virginia. The rapidly moving transition to non-fossil generation resources is almost certain to turn the two plants, which would be only a mile apart, into stranded assets well before the end of their normal life expectancies. The […]

December 23, 2020 Read More →

Xcel gets Minnesota okay to run two coal units part time to save consumers money

Duluth News Tribune: Xcel Energy, Minnesota’s largest electricity company, will idle two of its coal plants for six months of the year under a plan state regulators approved Wednesday, July 15. The company has said that operating the plants on a seasonal basis will cut carbon emissions as well as consumer costs. When the company […]

July 16, 2020 Read More →
IEEFA U.S.: Wind farms are forever

IEEFA U.S.: Wind farms are forever

As coal, gas, and nuclear plants struggle to survive, a fast-growing industry digs in

When the Lake Benton II wind farm in southwestern Minnesota was taken offline this past October after 20 years of service, the shutdown made news for its novelty. Wind farms are being built these days, not closed, and Lake Benton II was supposed to last until 2029. AT AROUND THE SAME TIME THAT THE 100-MEGAWATT […]

January 23, 2020 Read More →

U.S. power plant retirements exceed additions by more than 1,000 MW in September

S&P Global ($): U.S. generating capacity declined by a net 1,124 MW in September, as 1,185 MW of new operating capacity went online and 2,309 MW of capacity was permanently retired, according to S&P Global Market Intelligence data. A total of 15 generation units were completed, while seven units were retired. Wind accounted for 84.8%, […]

October 30, 2019 Read More →

Starbucks buys 100% wind power for all its Illinois stores

Windpower Engineering & Development: Constellation, an Exelon company and energy provider, has signed a long-term agreement with Starbucks to power more than 340 company-operated Illinois stores with 100% renewable energy produced by Enel Green Power (EGP) North America, Inc.’s HillTopper wind project in Logan, County, Ill. The deal is made possible by a separate long-term […]

November 30, 2018 Read More →

Exelon considering battery storage at its nuclear units

S&P Global Market Intelligence ($): The falling cost of lithium-ion batteries has prompted a “shift in the conversation” around energy storage at Exelon Corp., as the U.S. power generation giant and electricity supplier explores “a wide range of applications on both sides of the meter,” a company official said. “We haven’t revealed much of our […]

July 17, 2018 Read More →

Exelon Exec Sees No New Nukes In U.S.—Ever

Platts: Due to their high cost relative to other generating options, no new nuclear power units will be built in the U.S., an Exelon official said Thursday. “The fact is—and I don’t want my message to be misconstrued in this part—I don’t think we’re building any more nuclear plants in the United States. I don’t […]

April 13, 2018 Read More →

Amazon, Apple, Google, Facebook and Netflix Stand to Undermine Utilities’ Growth Assumptions

Lucas Bifera for S&P Global Market Intelligence: Consumer-facing tech giants, namely Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google-parent Alphabet Inc., known together as the “FAANG” firms, could eventually look to supplant traditional utilities’ incumbent position in the retail energy space. Some experts and investors see the existing household presence and customer relationships […]

February 5, 2018 Read More →