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IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

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IEEFA Webinar: ICYMI Project Tundra carbon capture report
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IEEFA Webinar: ICYMI Project Tundra carbon capture report

Retrofitting aging Milton R. Young coal plant Unit 2 with CCS makes little economic sense

October 9, 2020 (IEEFA U.S.) ‒ In case you missed it (ICYMI), Director of Resource Planning Analysis, David Schlissel and analyst/editor Dennis Wamsted presented webinars October 6 and 7 on IEEFA’s report Project Tundra: A Step In the Wrong Direction. Carbon Capture and Storage (CCS) is often promoted as a technology that brings benefits to […]

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IEEFA Webinar: Project Tundra carbon capture plan carries large risks for Minnkota co-ops

Lead author David Schlissel will present his research findings in an online briefing

On Wednesday, October 7th at 5:00 p.m. Central (6:00 p.m. EDT), IEEFA’s Director of Resource Planning Analysis, David Schlissel will present the report: Project Tundra: Carbon Capture Project A Step in the Wrong Direction Carbon Capture and Storage (CCS) is often promoted as a technology that brings benefits to business, local communities and the environment. […]

Vistra to retire 6,800MW of coal generation capacity in Illinois and Ohio by 2027

S&P Global Market Intelligence ($): Vistra Corp. will retire more than 6,800 MW of coal-fired capacity in Illinois and Ohio by 2027 and add more than 900 MW of new solar and energy storage capacity in Texas, the company said Sept. 29. Vistra also released its first-ever climate report announcing a new goal to cut […]

September 30, 2020 Read More →
IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant
, and

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

IEEFA U.S.: Abrupt shift to renewables at Indiana utility underscores a broader trend

IEEFA U.S.: Abrupt shift to renewables at Indiana utility underscores a broader trend

Strategies that rely on gas as a ‘bridge fuel’ are falling out of favor

The speed of the utility industry’s embrace of renewable energy and its unwillingness to build costly new fossil fuel generation—gas or coal-fired—is occurring much faster than would have been thought possible just a few years ago. In 2016, Southern Indiana Gas and Electric (SIGECO) proposed building a 700-megawatt (MW) combined cycle gas turbine (CCGT) plant […]

August 27, 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 →

Capital Dynamics, Tenaska to jointly develop 4.8GW of solar in U.S. Southeast, Midwest

Greentech Media: Capital Dynamics, the Swiss asset manager that is now a heavyweight solar investor, will partner with energy developer Tenaska on a 4.8-gigawatt solar portfolio in the Midwest and the Southeast, the companies announced Wednesday. The two will work together on developing 24 solar projects expected to come online by 2023, building on a […]

July 9, 2020 Read More →

S&P analysis sees more early retirements coming for U.S. coal-fired power plants

S&P Global Market Intelligence ($): Several power markets have reported a drop in electricity demand of 10% or more due to the stay-at-home orders of the COVID-19 pandemic and the associated economic recession. Furthermore, first quarter 2020 reports show coal usage and employment decreased significantly, and impacts are continuing into the second quarter. S&P Global […]

June 24, 2020 Read More →

Wisconsin’s Alliant Energy to spend $900 million buying 675MW of solar capacity

Greentech Media: Wisconsin utility Alliant Energy will spend $900 million buying 675 megawatts of utility-scale solar projects as it moves to replace uneconomic coal-fired plants with renewables. Alliant, which serves about 1 million customers in the Midwestern states of Wisconsin and Iowa, currently relies on renewables for about 20 percent of its generation capacity, largely […]

May 27, 2020 Read More →

Solar developers see profitable potential in coal-reliant Indiana

S&P Global Market Intelligence ($): Indiana’s Lake County is exploring changes to its land-use rules that could pave the way for the first truly large-scale solar farms in the state and some of the largest in the Midwest. The Lake County Council on April 14 approved a resolution for the county’s Plan Commission to consider […]

April 21, 2020 Read More →