Illinois

IEEFA Research

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 […]

IEEFA U.S.: Long-term contracts with American Municipal Power (AMP) saddle local communities with high prices

Dozens of communities in five states pay far above market price for electricity from Prairie State coal plant and Ohio River hydro projects

September 21, 2020 (IEEFA) — Long-term contracts with American Municipal Power (AMP) have stuck 83 communities in 41 counties across five states with extraordinarily high electricity prices for half a century, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. The largest AMP member, Cleveland Public Power (CPP), […]

IEEFA U.S.: Long-term contracts with AMP are ‘financial disaster’ for Cleveland Public Power customers

IEEFA U.S.: Long-term contracts with AMP are ‘financial disaster’ for Cleveland Public Power customers

Utility’s reliance on two projects cost ratepayers an extra $106 million

September 11, 2020 (IEEFA) — Long-term contracts with American Municipal Power (AMP) have been “a financial disaster” for Cleveland Public Power (CPP) customers, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). About 70% of CPP’s expenditures for its total power supply are paid to AMP, an […]

IEEFA U.S.: As oil and gas wane, Texas wind industry ascends

IEEFA U.S.: As oil and gas wane, Texas wind industry ascends

Case study Nolan County: Strengthening jobs, economic development, tax base

August 10, 2020 (IEEFA) — The wind industry in West Texas continues to create jobs, increase local tax revenues and drive economic development in an area known historically for its boom-and-bust oil cycles, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA).  The report—As Oil and Gas Wane, Texas […]

IEEFA Coal Outlook 2020: Market trends are pushing U.S. industry to a reckoning

IEEFA Coal Outlook 2020: Market trends are pushing U.S. industry to a reckoning

Competition, financing, consolidation, muni/co-op trajectories, export markets

March 30, 2020 (IEEFA U.S.) — A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) sees the U.S. coal industry continuing to decline through 2020 and beyond. The report, U.S. Coal Outlook 2020: Market Trends Are Pushing Industry Ever Closer to a Reckoning, details issues that will likely persist in driving […]

IEEFA Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 Read More →
Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised

Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised

Cost of Coal From Mine-Mouth Prairie State Plant Isnt the Bargain That Was Promised By Tom Sanzillo, Director of Finance, IEEFA

April 7, 2015 Read More →
2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus (pdf) By David Schlissel, Director of Resource Planning Analysis, Institute for Energy Economics and Financial Analysis

February 24, 2015 Read More →
Memo: Analysis of Paducah Power System’s Recent and Future Cost of Power from the Prairie State Energy Campus

Memo: Analysis of Paducah Power System’s Recent and Future Cost of Power from the Prairie State Energy Campus

Memo: Analysis of Paducah Power System’s Recent and Future Costs of Power from the Prairie State Energy Campus By David Schlissel, IEEFA Director of Resource Planning Analysis

October 28, 2014 Read More →
Report:  No evidence of a turnaround at Prairie State

Report: No evidence of a turnaround at Prairie State

No Evidence of a Turnaround at Prairie State (pdf) By David Schlissel, Director of Resource Planning Analysis

September 25, 2014 Read More →

More News and Commentary

New Illinois clean energy legislation sets 2045 retirement date for Prairie State coal plant

Source ($): S&P Global Market Intelligence Illinois Gov. J.B. Pritzker signed into law sweeping energy legislation Sept. 15 that includes financial support for the state’s nuclear plants and provides incentives to transition the state to cleaner energy. The Illinois Senate voted 37-17 on Sept. 13 to approve an amended version of S.B. 2408, a massive […]

September 16, 2021 Read More →

Illinois Legislature mulls Byron bailout, renewables-friendly measure

E&E News ($): A yearslong drama over the future of Illinois’ energy mix and climate policy may be entering the final act, if not the final scene. Chicago-based Exelon Corp. has set Monday as the day it pulls the plug on the Byron nuclear plant in northern Illinois — one of the nation’s largest — […]

September 7, 2021 Read More →

Illinois solar installations drop as state incentives fall victim to standoff

Chicago Sun-Times: The number of home solar panel installations in Illinois has plummeted as state consumer incentives dried up amid a standoff in Springfield that’s seen lawmakers unable to agree on major energy legislation. After a state incentive program ran out of money late last year, just 313 small rooftop solar projects were completed statewide […]

August 24, 2021 Read More →

Exelon announces net-zero goal by 2050, plans to shut down reactors

E&E News ($): Exelon Corp. has become the latest electricity company to set a net-zero carbon goal for its utilities, but the path could be challenging if it follows through with closing four major nuclear plants in its home state of Illinois. The energy giant’s Exelon Utilities subsidiary announced its “Path to Clean” goal yesterday […]

August 9, 2021 Read More →

US clean electricity standard could save 317,500 lives by 2050

S&P Global Market Intelligence ($): A nationwide clean power standard requiring 80% of U.S. electricity to come from carbon dioxide-free sources by 2030 would save hundreds of thousands of lives and sharply improve air quality while combatting climate change, according to a new study released July 12. The analysis, which the authors claimed was the […]

July 13, 2021 Read More →

Amazon primes company for rapid shift to renewables

S&P Global Market Intelligence ($):  Amazon.com 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 →

IEEFA U.S.: Federal appeals court tosses out FERC approval for Spire STL Pipeline

Court rejects FERC acceptance of affiliate contract as evidence of public need

The U.S. Court of Appeals for the District of Columbia made a precedent-setting ruling on Monday, in a pivotal case challenging the Federal Energy Regulatory Commission (FERC) approval of the Spire STL pipeline that would transport gas from Illinois to Missouri. The ruling is important for two reasons. First, it rejected FERC’s decision to base […]

NRG plans closure of PJM coal plants in Illinois, Delaware

Power Magazine: NRG Energy Inc. said it will retire three coal-fired power plants—two in Illinois and one in Delaware—next year after disappointing results in the May 2021 capacity auction for the PJM Interconnection. NRG during its June 17 investor day presentation said about 1.6 GW of coal-fired generation would be closed, including the 682-MW Waukegan […]

June 18, 2021 Read More →

Illinois lawmakers to vote in special session on landmark climate bill

Public News Service: Lawmakers are returning to Springfield for a special session this week for a vote on the Clean Energy Jobs Act, aimed at decarbonizing the economy and bringing clean-energy jobs to Illinois. Jack Darin, director of the Sierra Club Illinois Chapter, said the landmark climate bill was poised to pass at the end […]

June 15, 2021 Read More →

Bloomberg: 32 of 44 PJM coal plants will be unprofitable in 2023

Bloomberg: Most of the coal plants that feed the biggest U.S. power grid will soon no longer be economic to run after prices in a key auction plunged to the lowest in 11 years. Of the 44 coal-fired power plants on the grid operated by PJM Interconnection LLC, 32 will be unprofitable in 2023, the […]

June 9, 2021 Read More →