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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 […]
IEEFA
Atlanta Journal Constitution: Georgia will rely more on the sun to generate electricity as it retreats from its once overwhelming reliance on coal. The state Public Service Commission’s five members — all Republicans — unanimously directed Georgia Power to make its biggest increase ever in renewables, nearly doubling the solar capacity of the state’s largest […]
Seth Feaster
Companies in turmoil; workers and communities are paying the price; power plants face supply disruptions
The way America generates its electricity has been shifting away from coal for a decade, as the falling cost of wind, solar and gas have taken market share at an accelerating rate. The way the coal mining industry is structured, however, has changed very little, even as domestic consumption fell by more than 400 million […]
IEEFA
AP: There have been more than 200 instances of courts granting pipeline companies immediate possession of land, while at the same time deferring the issue of how much the property owners will be paid for it, said Robert McNamara, an attorney for the Institute for Justice, a libertarian public interest law firm based in Arlington […]
IEEFA
Atlanta Business Chronicle: Georgia Power Co. will continue reducing its reliance on coal during the next two decades while stepping up its investments in renewable power and energy efficiency, according to a plan the Atlanta-based utility submitted Thursday. The 2019 Integrated Resource Plan (IRP) would keep Georgia Power moving toward the goals the company committed […]
Karl Cates and Seth Feaster
Up and down the East Coast, initiatives to develop a massive and largely untapped market
The big lease sales ($405 million) last month in coastal waters off Massachusetts for three federally owned tracts that didn’t sell at an auction in 2015 signal a sea change in how U.S. offshore wind generation potential is now perceived. The winners of that auction, who emerged after 32 rounds of bidding over two days, […]
Dennis Wamsted
Southern Co. offers a case study in the growing momentum behind market-driven electricity-sector transition
IEEFA released a report in November 2015 calling for Southern Co. and its subsidiary Georgia Power—out of respect for investors and ratepayers—to retire the four-unit Plant Hammond coal-fired power station. The report pointed out how flat demand had diminished the need for the plant’s generation capacity and that its electric output was being priced out […]
Dennis Wamsted
In announcing earlier this month that Southern Company was raising its subsidiary Georgia Power’s share of the already-too-expensive and long-delayed Vogtle nuclear project by $1.1 billion, CEO Tom Fanning increased the utility’s 45.7 percent stake in the plant to $8.4 billion. It seems a highly misguided move. While Fanning continued to defend the roughly 2,234 […]
IEEFA
AP: Georgia Power is aiming to increase its renewable energy portfolio in the state by adding 100 megawatts of solar power. The utility firm is seeking proposals from solar facilities that are interested in selling solar power to the company, The Atlanta Journal-Constitution reported . Georgia Power is seeking contracts with them to provide solar […]
IEEFA
Atlanta Business Chronicle: The state of Georgia gave its blessing to fuel a new program that lets major corporate players buy renewable energy directly from Georgia Power. Google announced Tuesday that the state approved a partnership involving Walmart Inc., Target Corp., Johnson & Johnson, and Alphabet Inc., for a “first of its kind” program in Georgia that […]
IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry
Decade-long influx of cheap gas started regional transition; solar expected to finish itOct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]