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David Schlissel and Press Release
Delays, mismanagement, overruns may leave Georgia Power ratepayers with enormous cost burden
January 20, 2022 (IEEFA)—Once estimated at more than $14 billion, the price tag for two new reactors at Georgia Power Company’s Plant Vogtle site has now climbed past $30 billion, and both units will be more than six years late in coming online, according to a report by the Institute for Energy Economics and Financial […]
IEEFA
Associated Press: Climate change isn’t what’s driving some U.S. coal-fired power plants to shut down. It’s the expense of stricter pollution controls on their wastewater. Dozens of plants nationwide plan to stop burning coal this decade to comply with more stringent federal wastewater guidelines, according to state regulatory filings, as the industry continues moving away […]
IEEFA
EnergyWire ($): Southern Co. announced yesterday that it will shutter roughly 55 percent of its coal fleet by the end of the decade as the company shifts to a net-zero electricity mix. The closures include units at the nation’s two largest coal-fired power plants, as well as the previously announced Plant Daniel, one of the […]
David Schlissel
Kemper plant is a cautionary tale of runaway costs and failed promises
Two explosions rocked the Kemper power plant on Saturday as can be seen from footage posted on Twitter. The images dramatize the demise of a “clean coal” project that eventually ballooned in cost from an estimated $3 billion to $7.5 billion. Driven by hubris and greed, and despite repeated warnings about the risks involved in […]
IEEFA
Reuters: Southern Co’s (SO.N) Georgia Power unit on Thursday said it delayed the start dates for two reactors under construction at the Vogtle nuclear plant in Georgia and that its share of the cost would rise by $460 million to an estimated $9.2 billion. Georgia Power, which owns 45.7% of Vogtle, said Unit 3 was […]
IEEFA
Wall Street Journal ($): 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 […]
IEEFA
Bloomberg ($): The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural gas plants already spews more than 7.5 million metric tons of carbon dioxide-equivalent every year. Now it’s about to get even bigger, with […]
IEEFA
S&P Global Market Intelligence: Nearly one-third of the power generation resources planned to come into service in the U.S. in 2021 is located in the Electric Reliability Council Of Texas Inc. market, according to an S&P Global Market Intelligence analysis. Overall, 63,667 MW of new resources are projected to come into service, while 10,693 MW […]
IEEFA
E&E News ($): Southern Co.’s Mississippi Power subsidiary will close the last of its coal-fired power plants, as well as aging, inefficient natural gas ones, as part of its first-ever comprehensive long-term energy plan released Friday. The move followed a directive from the Mississippi Public Service Commission, which told the electric company to cut 950 […]
Press Release and Dennis Wamsted
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 overstate likely future demand growth
More realistic estimates would undercut case for new gas-fired generationFebruary 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 […]