District of Columbia

IEEFA Research

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

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 U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

Eleven PJM projects under development may fail to prove financially viable

October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]

Corporate Strategy at D.C. Ratepayer Expense: Exelon’s Proposed Acquisition of Pepco Holdings

Corporate Strategy at D.C. Ratepayer Expense: Exelon’s Proposed Acquisition of Pepco Holdings

We’re releasing a new report today that explains how Exelon Corp.’s proposed $6.8 billion acquisition of Pepco Holdings would hurt ratepayers in Washington, D.C. Our report, “Exelon’s Proposed Acquisition of Pepco: Corporate Strategy at Ratepayer Expense,” is posted here. Here’s a snapshot: The deal, if it goes through, would expose customers to rate increases aimed at […]

January 21, 2015 Read More →

More News and Commentary

Oregon enacts bill requiring emissions reductions of 80% by 2030, 100% by 2040

Associated Press: Oregon’s clean energy bill, which sets one of the most ambitious timelines in the country for moving to 100% clean electricity sources, was signed by Gov. Kate Brown on Tuesday. The legislation lays out a timetable for the state’s two major power companies — Portland General Electric and Pacific Power — to reduce […]

July 29, 2021 Read More →
IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now
, and

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

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 U.S.: Investors in gas-fired projects in largest regional power system face substantial risks
, and

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

Eleven PJM projects under development may fail to prove financially viable

October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]

Wind in the Wires, and More on the Way

Wind in the Wires, and More on the Way

30 States Have Projects Under Construction or in Advanced Development

Wind power is a rapidly growing source of electricity in the U.S., doubling its share of generation in just five years, to 4.9 percent in 2015. The declining cost of wind power, along with cheap natural gas, has put tremendous financial pressure on both coal-fired and nuclear power plants, and is changing the mix of fuels […]

September 16, 2016 Read More →
By Allowing the Pepco-Exelon Merger to Proceed, Utility Regulators in D.C. Are Assuring Higher Bills for Ratepayers

By Allowing the Pepco-Exelon Merger to Proceed, Utility Regulators in D.C. Are Assuring Higher Bills for Ratepayers

‘Expensive wedding gifts are nice. But all the wedding gifts in the world can’t make a bad marriage good.’

Betty Anne Kane had it right in stating this week that Exelon’s acquisition of Pepco “benefits Pepco and Exelon shareholders but does not provide sustainable benefits to District ratepayers.” Kane, who cast the dissenting vote in a 2-1 decision by the District of Columbia Public Service Commission to allow the deal to go forward, denounced it in […]

March 25, 2016 Read More →

D.C. Commission, in Surprise 2-1 Reversal, Approves Pepco-Exelon Merger

Thomas Heath and Aaron C. Davis for the Washington Post: District regulators approved a $6.8 billion merger between Pepco Holdings and Exelon on Wednesday, creating the largest publicly held utility in the country. The decision marked a surprising turn of events for the deal, which D.C. regulators had rejected twice and which appeared to be […]

March 24, 2016 Read More →
Exelon Takeover of Pepco, Resurrected by D.C. Mayor, Still Fails the Public-Interest Test

Exelon Takeover of Pepco, Resurrected by D.C. Mayor, Still Fails the Public-Interest Test

Higher Rates, More Risk, Less Interest in Renewables

Even in its latest guise, the proposed settlement of the Exelon-Pepco merger fails the public-interest litmus test. We’ve filed public comment to that effect with the District of Columbia Public Service Commission today (and we’ve written a cautionary letter and memo to the D.C. City Council, which of course holds considerable political sway). The gist […]

November 17, 2015 Read More →

Calls for Ethics Inquiry on D.C. Mayor’s Embrace of Exelon-Pepco Merger

Aaron C. Davis for the Washington Post: Environmentalists and good government groups on Wednesday called for an ethics investigation into D.C. Mayor Muriel E. Bowser’s decision to reverse course and to back a takeover of Pepco, the city’s electric utility, by Exelon, a Chicago-based nuclear energy giant. Critics of the mayor’s about-face, which breathed new […]

November 12, 2015 Read More →

D.C. Commission to Reconsider Allowing Exelon-Pepco Merger to Go Forward

Kate Ryan for WTOP: City regulators will take another look at the potential Pepco-Exelon merger, following a unanimous vote Wednesday to consider a settlement Exelon reached with the District. In August, the D.C. Public Service Commission denied an application for the merger, saying it wasn’t good for the public’s interest. Opponents say the merger would […]

October 29, 2015 Read More →

Maryland AG Pushes for Commission to Block Exelon Takeover of Pepco

Carrie Wells for the Baltimore Sun: Attorney General Brian E. Frosh joined an effort in court Wednesday to require the Maryland Public Service Commission to reconsider its approval of Exelon Corp.’s merger with Pepco Holdings. Frosh filed a friend of the court brief in an effort by the Office of People’s Counsel, Maryland’s consumer advocate, […]

October 29, 2015 Read More →