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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 […]
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S&P Global Market Intelligence ($): Coal producer Hallador Energy Co. said June 1 that it will work with Hoosier Energy Rural Electric Cooperative Inc. to develop up to 1,000 MW of renewable resources near the Merom Generating Station in Indiana, which is scheduled for retirement by May 2023. Hallador’s Oaktown Fuels Mine No. 1 in […]
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National Public Radio: With two more days until the scheduled adjournment of the General Assembly’s spring legislative session, negotiations on a high-stakes deal to steer Illinois away from carbon-causing energy sources — as well as a host of other goals from ending controversial formula ratemaking and forcing ethics reforms as a utility-involved corruption investigation looms […]
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S&P Global Market Intelligence ($): U.S. coal production in the first quarter of 2021 continued the industry’s recovery from a significant drop the previous year, but the sector’s employment levels are still suffering as the U.S. moves away from coal and embraces lower emission options. While coal production during the first quarter of this year […]
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S&P Global Market Intelligence ($): On the eve of the Missouri Legislature’s last day in session this year, state lawmakers on May 13 gave near-unanimous consent to an energy transition financing bill heralded by utilities and renewable energy advocates as a way to keep costs in check as the state replaces aging coal-fired power plants […]
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E&E News ($): Illinois’ Democratic governor is out with a sprawling set of proposals to move the state to 100% clean energy by midcentury while ushering in labor and ethics reforms aimed at ensuring that the benefits of the transition from fossil fuels are shared equitably. Gov. J.B. Pritzker’s “Consumers and Climate First Act,” introduced […]
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S&P Global Market Intelligence: Nearly one-third of the power generation resources planned to come into service in the U.S. in 2021 is located in the Electric Reliability Council Of Texas Inc. market, according to an S&P Global Market Intelligence analysis. Overall, 63,667 MW of new resources are projected to come into service, while 10,693 MW […]
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S&P Global Market Intelligence ($): The COVID-19 pandemic proved to be a significant disruption for many corners of the global energy industry, but the corporate renewables market plowed ahead as if nothing had happened. S&P Global Market Intelligence tracked over 20,000 MW of new corporate wind and solar capacity throughout the year, making 2020 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 […]