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Source ($): S&P Global Market Intelligence Illinois Gov. J.B. Pritzker signed into law sweeping energy legislation Sept. 15 that includes financial support for the state’s nuclear plants and provides incentives to transition the state to cleaner energy. The Illinois Senate voted 37-17 on Sept. 13 to approve an amended version of S.B. 2408, a massive […]
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E&E News ($): 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 — […]
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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 […]
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E&E News ($): Exelon Corp. has become the latest electricity company to set a net-zero carbon goal for its utilities, but the path could be challenging if it follows through with closing four major nuclear plants in its home state of Illinois. The energy giant’s Exelon Utilities subsidiary announced its “Path to Clean” goal yesterday […]
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S&P Global Market Intelligence ($): 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 […]
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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 […]
Suzanne Mattei
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 […]
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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 […]
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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 […]
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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 […]
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 viableOctober 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 […]