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S&P Global Market Intelligence ($): American Electric Power Co. Inc. could shut down both units at its massive Rockport coal plant in Indiana before the end of 2028 after reaching a settlement agreement with numerous parties, including consumer and environmental advocates. AEP utility Indiana Michigan Power Co. and wholesale subsidiary AEP Generating Co. agreed to […]
IEEFA
E&E News ($): 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 […]
Dennis Wamsted and Seth Feaster
Consumers Energy, TVA among utilities planning full exits from coal
There is an inverse S-curve developing in the U.S. coal generation sector, with announced plant retirements expanding rapidly as utilities and independent power producers adjust to the influx of cleaner and cheaper wind, solar and battery storage resources disrupting the electric system. IEEFA data shows that just since March, the generating capacity of coal plants […]
IEEFA
S&P Global Market Intelligence ($): A nationwide clean power standard requiring 80% of U.S. electricity to come from carbon dioxide-free sources by 2030 would save hundreds of thousands of lives and sharply improve air quality while combatting climate change, according to a new study released July 12. The analysis, which the authors claimed was the […]
IEEFA
The Detroit News: Consumers Energy proposed on Wednesday to stop using coal as a fuel source for electricity by 2025 and instead purchase existing natural gas power plants to provide reliable energy during the transition. The proposal is part of a 20-year plan from the subsidiary of Jackson-based CMS Energy Corp. that requires regulatory approval. […]
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Wall Street Journal ($): 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 […]
IEEFA
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 […]
IEEFA
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 […]
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 […]