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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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Energy News Network: In a reversal from previous legislative sessions, Kansas City utility Evergy is backing proposals in two states aimed at buffering customers and investors from the costs associated with accelerated coal plant retirements. Securitization legislation has gone nowhere in both the Kansas and Missouri legislatures for several years. Evergy, which serves about 1.6 […]
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ReNews.biz: Enel Green Power North America has started operating a 199MW expansion of the Cimarron Bend wind farm in Kansas, raising overall capacity to 599MW, and also brought online the over 236MW White Cloud project in Missouri. Cimarron Bend in Clark County is now Enel Green Power’s largest renewable energy project in the world. Construction […]
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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 $8 billion in renewable energy and accelerates some coal plant closures — although it will retain much of its coal fleet through 2040. Like other net-zero carbon goals, Ameren’s will […]
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S&P Global Market Intelligence ($): U.S. coal producers are already in a tough spot, but the hints power generators dropped on second-quarter earnings calls suggest they may soon be announcing plans to retire even more of the nation’s aging coal fleet. Demand for coal has been decimated by the COVID-19 pandemic, with production and employment […]
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Kansas City Business Journal: Evergy Inc. announced on Wednesday a new five-year strategic plan designed to speed its transition to cleaner energy and — importantly — to do so as a stand-alone company. The plan results from a review by a special committee put together by the Kansas City-based utility and activist investor Elliott Management […]
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PV Magazine: In a deal spanning 20 projects, seven states, two power markets and more solar than the entire state of Florida has installed to date, ACCIONA has agreed to a deal with Tenaska to acquire 3 GW of utility-scale solar and 1 GW of co-located solar and energy storage. This represents one of the […]
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St. Louis Post-Dispatch: Ameren aims to build the three largest investor-owned utility solar installations in the state, the electric utility said Tuesday, unveiling a plan to combine the projects with battery storage technology to improve reliability for local customers. The St. Louis-based electric monopoly announced that it had filed plans for the Solar-Plus-Storage installations with […]
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S&P Global Market Intelligence ($): Empire District Electric Co. continues to see no future for its coal-fired Asbury power plant in Missouri and could potentially shutter the facility as soon as the end of this year. The Algonquin Power & Utilities Corp. subsidiary, which goes by Empire District Electric, a Liberty Utilities company, has filed […]
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S&P Global Market Intelligence: Nearly one in seven U.S. combined-cycle power plants fewer than 20 years old are little-used, according to an S&P Global Market Intelligence analysis. The more than 33,000MW of generating capacity is concentrated in California, Texas and the northeastern and mid-Atlantic U.S., but units are also in places such as Missouri and […]
IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity
Utilities accelerate shutdown dates; 22 plants in 14 states this year; hard-hit regions include the Ohio River ValleyOct. 25, 2018 — U.S. coal-fired power plant closures are on pace this year to set a record, concludes a research report published today by the Institute for Energy Economics and Financial Analysis. The report — “Record Drop in U.S. Coal-Fired Capacity Likely in 2018: Utilities Are Accelerating Shutdown Dates as Plants Grow Increasingly Uneconomic”— […]