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Dennis Wamsted and Seth Feaster
EIA data confirm long-term decline of fuel’s generation, market share
Preliminary 2021 data from the Energy Information Administration confirm what IEEFA said throughout the year: The long-term-trend in U.S. utility generation continues to move away from fossil fuels, particularly coal, and toward greater renewable energy use. Last year’s coal narrative used the historically low generation totals from 2020 to tout a supposed boom in demand. […]
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S&P Capital IQ ($): Xcel Energy Inc. reached a settlement with 11 parties over its electric resource plan in Colorado, where the company plans to move up coal plant retirements as it adds renewable energy to its grid. Xcel said the settlement would result in an estimated carbon emissions reduction from its power plants of […]
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The Denver Post: Having pledged to produce carbon-free electricity by 2050, Xcel Energy has a new goal of achieving net zero greenhouse gas emissions from its natural gas operations in the same timeframe. Xcel Energy, the largest electric utility in Colorado, said Monday that the goal builds on its goal announced in 2018 to deliver […]
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Colorado Public Radio: The official launch of a massive solar array that will power the steel mill in Pueblo was held Wednesday on top of a hill with a view that framed the array, mill and power station connecting the two. The Bighorn solar project, financed, built and operated by Lightsource BP, will generate electricity […]
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Utility Dive: Xcel Energy, in its second quarter earnings report on Thursday, said it plans to significantly accelerate decarbonization efforts in its home state of Minnesota and will cut emissions by 85% by 2030. Xcel is preparing for a major transition, with long-time CEO and chairman Ben Fowke slated to retire in August and turn […]
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Minneapolis/St. Paul Business Journal: Xcel Energy Inc. on Friday told Minnesota regulators that it planned to abandon the proposed $800 million natural gas plant in Becker, Minnesota, that was to have taken over for three coal-fired plants. Instead, the Minneapolis-based utility said it plans to build two smaller natural gas plants — one in southwestern […]
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S&P Global Market Intelligence ($): Colorado will require investor-owned electric utilities to incentivize building electrification, marking a new strategy to reduce the building sector’s reliance on natural gas and other fossil fuels for heating and cooking. Colorado Gov. Jared Polis signed the legislation, SB21-246, into law on June 21, setting in motion a process that […]
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S&P Global Market Intelligence ($): The U.S. solar market got off to a hot start in 2021, adding 2,827 MW of utility-scale capacity in the first quarter, a 36% increase from the same period in 2020. The U.S. now has 51,966 MW of utility-scale solar power capacity, according to S&P Global Market Intelligence data, which […]
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S&P Global Market Intelligence ($): NextEra Energy Inc., the largest U.S. utility by market cap and one of the world’s top solar and wind power producers, has been called out for never declaring a net-zero emissions target like many other major power utilities have done. But the way NextEra’s Chairman and CEO Jim Robo views […]
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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 […]
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 quicklyMarch 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 […]