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Wall Street Journal ($): Companies are poised to install record amounts of batteries on America’s electric grid this year, as government mandates and a steep decline in costs fuel rapid growth in power storage. The U.S., which had less than a gigawatt of large battery installations in 2020—roughly enough to power 350,000 homes for a […]
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S&P Capitol IQ ($): The movement to ban natural gas use in buildings reached a milestone in the second half of 2021, with California notching its 50th building electrification mandate. Meanwhile, the number of states prohibiting the policy appeared poised to top out around 20 this year, as all-electric construction ordinances advanced on the East […]
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Associated Press: Climate change isn’t what’s driving some U.S. coal-fired power plants to shut down. It’s the expense of stricter pollution controls on their wastewater. Dozens of plants nationwide plan to stop burning coal this decade to comply with more stringent federal wastewater guidelines, according to state regulatory filings, as the industry continues moving away […]
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Associated Press: A Michigan utility says it will add enough renewable energy through three solar projects in 2023 to power nearly 190,000 homes. The projects in the southern-central part of the state are expected to produce 375 megawatts of clean energy, according to Jackson-based Consumers Energy. Consumers Energy would own and operate one facility, while […]
Dennis Wamsted and Press Release
Financial concerns are likely to affect other PJM gas projects still in the planning phase
November 18, 2021 (IEEFA) – A recent decision to cancel the 1,000-megawatt Beech Hollow combined gas plant in Pennsylvania is the latest warning for investors considering funding new gas-fired power plants in the PJM Interconnection (PJM) region. According to a briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), the reason is […]
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Washington Post ($): The proportion of electricity the United States gets from solar and wind nearly quadrupled between 2011 and 2020. While geothermal generation remained relatively flat, the three technologies combined for an annual increase of nearly 15 percent over that stretch. Those findings come from a report released Tuesday by the nonprofit Environment America […]
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Milwaukee Journal Sentinel: WEC Energy Group said Tuesday that it has set a goal of eliminating coal as a fuel source for its power plants by 2035. WEC Energy, based in Milwaukee, is the parent company of utility We Energies, also based in Milwaukee, and Wisconsin Public Service based in Green Bay. It also owns […]
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The Detroit News: DTE Energy Co. said Wednesday it will stop burning coal in its Belle River Power Plant in St. Clair County’s China Township in 2028, two years earlier than originally planned, in response to a U.S. Environmental Protection Agency policy change. The move, according to the Detroit-based utility company, means it can accelerate […]
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S&P Global Market Intelligence ($): American Electric Power Co. Inc. could shut down both units at its massive Rockport coal plant in Indiana before the end of 2028 after reaching a settlement agreement with numerous parties, including consumer and environmental advocates. AEP utility Indiana Michigan Power Co. and wholesale subsidiary AEP Generating Co. agreed to […]
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E&E News ($): Pipeline company Enbridge Inc. and three other energy companies announced a partnership Friday to build and operate carbon capture projects in North America for large industrial emitters. The companies — which also include Canadian-based Svante Inc. and Cross River Infrastructure Partners LLC, and OTS Ltd. in the U.S. — signed a memorandum […]
IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customersDecember 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]