More News and Commentary

Amazon primes company for rapid shift to renewables

S&P Global Market Intelligence ($): Inc. announced a new wave of contracts to buy electricity from 14 new renewable energy projects in the U.S., Canada, Finland and Spain in a bid to advance its goal to power 100% of the company’s activities with renewable energy by 2025, five years ahead of its original target […]

June 24, 2021 Read More →

Judge okays Entergy plan to close two large coal plants in Arkansas

Talk Business & Politics: A federal judge approved Thursday (March 11) a settlement agreement for Little Rock-based utility Entergy Arkansas to retire two coal-fired plants and a natural gas plant by the end of 2030. Arkansas Attorney General Leslie Rutledge had sought review of the agreement to close the plants operated by the utility of […]

March 12, 2021 Read More →

ExxonMobil to take $20 billion writedown, cut development spending

Bloomberg: Exxon Mobil Corp. is about to incur the biggest writedown in its modern history as the giant U.S. oil and gas producer reels from this year’s collapse in energy prices. Exxon — traditionally far more reluctant to cut the book value of its business than other oil majors — on Monday disclosed it will […]

December 1, 2020 Read More →

Entergy, Mitsubishi team up to boost hydrogen, battery storage in U.S. utility’s service territory

S&P Global Market Intelligence ($): In another indication of growing U.S. utility interest in energy from hydrogen and in large-scale battery storage, Entergy Corp. and Mitsubishi Power Americas Inc., an affiliate of Japan’s Mitsubishi Heavy Industries Ltd., said that they will jointly develop “decarbonization projects” for Entergy’s utility operations in Arkansas, Louisiana, Mississippi and Texas. […]

September 24, 2020 Read More →

AEP CEO: Ratepayers will save $3 billion from utility’s investment in new Oklahoma wind projects

S&P Global Market Intelligence ($): American Electric Power Co. Inc. (AEP) said May 27 it will proceed with a $2 billion investment in 1,485 MW of wind energy resources to be built in Oklahoma following state approval. Also on May 27, the Louisiana Public Service Commission has approved a proposal from AEP subsidiary Southwestern Electric Power […]

May 28, 2020 Read More →

IEEFA update: Doubling down on utility-scale renewables

Solar and wind continue to attract investors as fossil fuel assets fall

Amid the global economic crisis, utility-scale wind and solar continue to be seen not just as a long-term investment but one for the near term as well.  Writing from Australia this week, my colleague Bruce Robertson notes that two big energy companies—Origin and Santos—are pulling back on oil and gas capital spending but forging ahead on […]

April 8, 2020 Read More →

Arkansas regulators approve plan to close 721MW Dolet Hills coal plant

Power Magazine: The Arkansas Public Service Commission on Jan. 8 approved a plan to retire the Dolet Hills power plant, a coal-fired unit in Mansfield, Louisiana that serves part of the state. The Sierra Club, one of the environmental groups that had called for the plant’s closure, announced the Arkansas PSC had approved a settlement […]

January 9, 2020 Read More →

Arkansas co-op announces plan to cut rates because of savings from solar power projects

Arkansas Business: The Arkansas Advanced Energy Association examined utility trends, heard from industry leaders and bestowed awards for energy efficiency and renewable innovations Tuesday in Little Rock. But the annual conference’s “mic-drop moment” came when an award winner announced that he’ll be seeking the state’s first utility-wide electricity rate decrease tied to savings from solar […]

October 14, 2019 Read More →

Utility-scale solar is surging across the southeast

S&P Global Platts: After climbing 15% in 2018, utility-scale solar capacity in the southeastern US is expected to surge another 25% this year, but the geographic concentration of such growth is driven more by policy than by the quality of the sunshine, S&P Global Platts analysis shows. S&P Global Platts Analytics data show the region […]

July 30, 2019 Read More →

Entergy Arkansas to close White Bluff and Independence coal plants

Arkansas Democrat Gazette: Entergy Arkansas plans to stop burning coal at the state’s two largest coal-fired power plants and close one fueled by natural gas by 2030. In the interim, the utility plans to focus on new power-generation sources, mostly renewable energy, the utility said Friday. Entergy Arkansas’ planned phaseout is in accordance with a […]

November 19, 2018 Read More →