Southern Company

IEEFA Research

IEEFA U.S.: Duke IRPs overstate likely future demand growth

IEEFA U.S.: Duke IRPs overstate likely future demand growth

More realistic estimates would undercut case for new gas-fired generation

February 3, 2021 (IEEFA) — Forecasts used by Duke Energy that predict steadily rising demand for electricity in the Carolinas ignore the company’s sales history in the past 15 years, which have been essentially flat, and should be challenged by state regulators, according to a new study by the Institute for Energy Economics and Financial […]

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

Combined-cycle plants would be forced to retire well before end of operating life to meet 2050 net-zero goal

January 26, 2021 (IEEFA) — A pair of integrated resource plans (IRPs) for Duke Energy’s two North Carolina utilities rely heavily on the construction of gas-fired power plants that would have to be retired long before the end of their life span, according to a new report by the Institute for Energy Economics and Financial […]

IEEFA report: The vanishing case for the Atlantic Coast Pipeline

IEEFA report: The vanishing case for the Atlantic Coast Pipeline

Declining demand and more affordable renewables raise new questions about viability

January 29, 2019 (IEEFA) — Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International. The report, The Vanishing Need for the Atlantic […]

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

Study details lack of economic feasibility around North American initiatives; costly and/or failed efforts at Duke’s Edwardsport, NRG’s Petra Nova, SaskPower’s Boundary Dam, and Southern Co.’s Kemper plant; technology seen as unworkable and too expensive for fast-changing electricity-generation markets

Nov. 19, 2018 (IEEFA) — A study published today by the Institute for Energy Economics and Financial Analysis concludes that costly efforts undertaken in North America to develop workable, economic technology to capture carbon from coal-fired generation have come up short. Further, the study concludes that technology developments in the renewable energy and natural gas sectors […]

IEEFA Report: Costly and Unreliable, Two Multibillion-Dollar American Coal-Gasification Experiments Prove the Case Against Such Projects

IEEFA Report: Costly and Unreliable, Two Multibillion-Dollar American Coal-Gasification Experiments Prove the Case Against Such Projects

‘Important and Painful Lessons’ in Southern Company’s Kemper Failure in Mississippi and Duke Energy’s Edwardsport Experiment in Indiana

Sept. 7, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) today published a report describing how coal-to-gasification technology for electricity-generation purposes remains commercially unviable. The report—“Using Coal Gasification to Generate Electricity: A Multibillion-Dollar Failure”—concludes that two long-running marquee American Integrated Gasification Combined Cycle (IGCC), projects, Duke Energy’s Edwardsport plant in Indiana […]

More News and Commentary

IEEFA U.S.: Duke IRPs overstate likely future demand growth
and

IEEFA U.S.: Duke IRPs overstate likely future demand growth

More realistic estimates would undercut case for new gas-fired generation

February 3, 2021 (IEEFA) — Forecasts used by Duke Energy that predict steadily rising demand for electricity in the Carolinas ignore the company’s sales history in the past 15 years, which have been essentially flat, and should be challenged by state regulators, according to a new study by the Institute for Energy Economics and Financial […]

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks
and

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

Combined-cycle plants would be forced to retire well before end of operating life to meet 2050 net-zero goal

January 26, 2021 (IEEFA) — A pair of integrated resource plans (IRPs) for Duke Energy’s two North Carolina utilities rely heavily on the construction of gas-fired power plants that would have to be retired long before the end of their life span, according to a new report by the Institute for Energy Economics and Financial […]

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 →

Regulators tell Mississippi Power to plan for early retirement of 950MW of fossil fuel generation

S&P Global Market Intelligence ($): Mississippi Power Co. must study the early retirement of 950 MW of fossil-fueled generation in its next integrated resource plan, or IRP, as Mississippi regulators find the utility needs to reduce excess capacity. “The evidence in this docket suggests that [Mississippi Power’s] current reserve margin is projected to be higher […]

December 21, 2020 Read More →

Moody’s: Long-term credit risks are rising for natural gas infrastructure projects

S&P Global Market Intelligence ($): Long-term credit risks to natural gas infrastructure investments are rising, as the public’s growing focus on decarbonization threatens to reduce gas use through 2050, according to Moody’s. Pipeline permitting obstacles, local electrification efforts and state climate goals are all raising operating risks and the cost of capital requirements, Moody’s said […]

October 2, 2020 Read More →
IEEFA U.S.: Georgia solar+hydro electricity output tops in-state coal generation during first half of 2020
and

IEEFA U.S.: Georgia solar+hydro electricity output tops in-state coal generation during first half of 2020

Bowen and Scherer, the two largest coal-fired power plants in the U.S., lost out to cheaper—and greener—alternatives

Fresh data from the Energy Information Administration points to the monumental nature of the transition under way in the U.S. utility sector and localizes it dramatically in Georgia, where utility-scale solar and hydropower for the first time generated more electricity than coal during the first half of the year.  This is of special note because […]

and September 10, 2020 Read More →

Norway’s Storebrand divests ExxonMobil, Chevron stock due to climate inaction

The Guardian: A Nordic hedge fund worth more than $90bn (£68.6bn) has dumped its stocks in some of the world’s biggest oil companies and miners responsible for lobbying against climate action. Storebrand, a Norwegian asset manager, divested from miner Rio Tinto as well as US oil giants ExxonMobil and Chevron as part of a new […]

August 24, 2020 Read More →

Gas pipeline setbacks pushing U.S. utilities to embrace renewables, analysts say

Greentech Media: Legal challenges halted several major pipeline projects across the U.S. in recent days, underscoring a seismic shift facing the U.S. utility industry: the rise of renewables as a potentially less costly and risky alternative to fossil fuels. Over the weekend Dominion Energy and Duke Energy, two of the country’s biggest utilities, canceled their Atlantic […]

July 7, 2020 Read More →

Florida utilities agree to close 848MW unit at Plant Scherer, U.S.’ largest coal-fired generator

Utility Dive: Plant Scherer in Georgia — for years, the highest capacity coal-fired plant in the U.S. — will lose one of its four units to retirement, a sign that even the largest coal power plants are not immune to the economic pressures driving down coal’s standing in the U.S. generation mix. On Friday the […]

June 30, 2020 Read More →

New study finds U.S. grid can be 90% clean by 2035, and cost less too

Greentech Media: It will be feasible to power the U.S. on 90 percent clean electricity by 2035 thanks to stunning declines in the costs of renewables, a new study finds. In just a few years, decarbonizing the grid went from a solar-lover’s pipe dream to something many major American utilities have committed to, from Southern […]

June 10, 2020 Read More →