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Press Release, Suzanne Mattei and Tom Sanzillo
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers
December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]
Press Release, Karl Cates and Seth Feaster
Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces
December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]
IEEFA
PV Tech: Arizona Public Service (APS) has issued a request for proposals (RFP) for 300-400MW of renewables capacity and for energy storage to be retrofitted at its solar plants. The renewables RFP, which is open to all technologies, has been designed to address peak capacity needs of about 200-300MW per year to maintain reliable electric […]
Clark Williams-Derry
Weak demand and low prices are likely creating steep losses for NTEC
U.S. coal exports to Asia—once heralded as the saving grace for struggling coal producers in the western United States—are facing new strains from low prices and weak demand in the wake of the global COVID-19 crisis. In its third-quarter financial statement released earlier this month, Westshore Terminals in British Columbia, the primary terminal for U.S. thermal coal […]
Press Release and Karl Cates
Tri-State currently plans using coal through 2050 and expanding into gas; projected rate increases of 55% by 2050
Nov. 17, 2020 (IEEFA) — One of the biggest power suppliers to rural electric co-ops in the U.S. is putting its business model at risk as members clamor for better access to renewable energy, more affordable rates, and more say in how they buy or produce power, concludes a report released today by the Institute […]
IEEFA
Arizona Republic: Arizona Public Service is proposing to offer $144 million in help to three coal-country and tribal communities where the company eventually will close its remaining coal-burning power plants. The plan would not only provide large investments in the Navajo Nation, Hopi tribe and Joseph City area, but also includes plans to retain workers, […]
IEEFA
Arizona Republic: Arizona utility regulators on Thursday, in a split vote, approved a plan for utilities to get all of their energy from carbon-free sources like solar and nuclear energy by 2050, bringing the state closer in line to other Western states. The new regulations require electric utilities to get half their power from renewable […]
Seth Feaster and Karl Cates
Avangrid acquisition of PNM signals regional market shift to renewables; coal company in maneuver to stay in business, puts more Navajo Nation finances at risk
In announcing its merger yesterday with renewable energy giant Avangrid, PNM Resources reaffirmed its commitment to end its use of coal, stating that it would continue with the abandonment of the San Juan Generating Station in 2022, and that it was actively working to sell its 13% stake in the Four Corners Power Plant. The […]
Tom Sanzillo and Suzanne Mattei
Industry problems hit before the pandemic, were made worse by it and will persist even after the economy improves
October 20, 2020 (IEEFA) — After years of benefitting from record oil and gas revenues, global markets are signaling the beginning of the end of New Mexico’s financial reliance on fossil fuels. Leases, royalty payments and taxes from the oil and gas industry have directly accounted for as much as 30 percent of the state’s […]
Press Release and Karl Cates
Four projects totaling 950 megawatts will replace San Juan Generating Station; likelihood of coal plant carbon-capture retrofit further diminished
October 12, 2020 (IEEFA) — An aggressive expansion into utility-scale solar by Public Service Company of New Mexico will replace all of the power PNM will lose when the coal-fired San Juan Generating Station (SJGS) closes in June 2022, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. PNM’s […]
IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customersDecember 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]