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S&P Global Market Intelligence ($): Two more U.S. coal mining companies have filed for bankruptcy as producers across the country struggle to sell coal into the troubled thermal coal market. White Stallion Energy LLC and Lighthouse Resources Inc. filed voluntary petitions for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware […]
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S&P Global Market Intelligence ($): By extending its energy storage offering to all 19 states in which it operates, U.S. residential solar supplier Sunrun Inc. is positioning itself for “a market where in two, three years, every solar system has a battery,” CEO Lynn Jurich said. The company on Nov. 5 announced it would begin […]
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S&P Global Market Intelligence ($): Many of the nation’s coal-fired power plants, often heavy consumers of water resources, are located in areas projected to soon face water stress due to climate change. Water stress occurs when humanity’s competition for water exceeds the rate at which nature can replenish its stocks. Based on an analysis of […]
Press Release, Dennis Wamsted and Bryndis Woods
Eleven PJM projects under development may fail to prove financially viable
October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]
IEEFA
S&P Global Market Intelligence ($): Vistra Corp. will retire more than 6,800 MW of coal-fired capacity in Illinois and Ohio by 2027 and add more than 900 MW of new solar and energy storage capacity in Texas, the company said Sept. 29. Vistra also released its first-ever climate report announcing a new goal to cut […]
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Greentech Media: Ameren has joined the ranks of U.S. utilities pledging to reach net-zero carbon emissions by 2050, with a long-range plan that invests nearly $8 billion in renewable energy and accelerates some coal plant closures — although it will retain much of its coal fleet through 2040. Like other net-zero carbon goals, Ameren’s will […]
Press Release and David Schlissel
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), […]
Press Release and David Schlissel
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
PV Magazine: Facebook has signed contracts to buy 806 MW of solar and wind power from projects across Utah, Ohio, Illinois, Tennessee and Ireland. All of the contracts will support its goal of becoming 100% powered by renewables by the end of this year. The projects are geographically diverse and span a wide range of […]
Press Release, Karl Cates, Guest Commentary: Brent Israelsen and Seth Feaster
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 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 […]