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Wall Street Journal ($): Canada’s TC Energy Corp and the Albertan provincial government said Wednesday they would scuttle the Keystone XL oil pipeline project, bringing to an end a years-long controversy over an effort to pipe more Canadian crude to the U.S. The decision had been expected after President Biden used his first day in […]
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Power Magazine: DTE Energy has retired the last operating unit of its River Rouge coal-fired power plant along the Detroit River, a facility that came online in 1956 and entered commercial operation in 1958. The utility on June 4 said River Rouge, located just southwest of Detroit, Michigan, operated for the final time on May […]
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Energy Storage News: LG Energy Solution has announced plans to invest in significantly increased production capacity within the US for batteries to be used in electric vehicles (EVs) and energy storage systems (ESS). The South Korea-headquartered company, recently spun out of parent company LG Chem’s brand towards the end of last year, said it will […]
Press Release, Suzanne Mattei and Tom Sanzillo
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers
December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]
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S&P Global Market Intelligence ($): 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 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), […]
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MiBiz: DTE Energy plans to significantly expand its solar energy portfolio in the next two years to support growing corporate demand for renewable energy contracts. The Detroit-based utility announced Tuesday that it expects to bring online an additional 420 megawatts of solar power by 2022 as part of its MIGreenPower program, a voluntary renewable energy […]
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MLive.com: The boilers at Grand Haven’s Sims power plant will be turned off a final time this week, marking the final end of the 37-year-old coal-burning facility. The decision to shut down the plant was made nearly two years ago, but the city had been planning for its demise since before then, said David Walters, […]
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E&E News: Consumers Energy CEO Patti Poppe has a visual of where electric vehicles fit into the utility’s broader long-range strategy. On a whiteboard, she draws a straight line that gives way to a few big spikes that represent hot summer days when air conditioners are blowing and electricity demand peaks across the utility’s service […]
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Greentech Media: Regulators in Michigan approved a settlement Wednesday compelling utility Consumers Energy to buy power from 584 megawatts of solar interconnected by September 1, 2023, multiplying by many times the 153 megawatts currently standing in the state. The settlement ends a long disagreement about projects tied to the Public Utilities Regulatory Policies Act (PURPA), […]
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 […]