New Jersey

IEEFA Research

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

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 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 Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 Read More →
Report: FirstEnergy Seeks a Subsidized Turnaround

Report: FirstEnergy Seeks a Subsidized Turnaround

FirstEnergy: A Major Utility Seeks a Subsidized Turnaround (pdf) By Tom Sanzillo, Director of Finance and Cathy Kunkel, Fellow Institute for Energy Economics and Financial Analysis

October 6, 2014 Read More →

More News and Commentary

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

U.S. sets goal of building 30GW of offshore wind by 2030

S&P Global Market Intelligence ($): The nascent U.S. offshore wind industry received a major boost on March 29 as the Biden administration launched a series of coordinated actions intended to help the country install 30,000 MW of offshore wind generating capacity by 2030. That would unleash more than $12 billion in annual capital investments into […]

March 30, 2021 Read More →

U.S. East Coast states planning for surge in offshore wind projects

S&P Global Market Intelligence ($): U.S. East Coast states are bracing for an offshore wind boom as a new presidential administration signals support for the burgeoning industry. President Joe Biden’s administration on March 8 published the environmental statement for the proposed 800-MW Vineyard Offshore Wind Project off the coast of Martha’s Vineyard in Massachusetts, being […]

March 10, 2021 Read More →

New Jersey gas utility takes delayed PennEast pipeline out of financial outlook through 2024

Natural Gas Intelligence: New Jersey Resources Corp. (NJR) has pulled the PennEast Pipeline from its financial growth projections through 2024, citing ongoing delays that have plagued the natural gas project. “PennEast is an important project for the Northeast,” said NJR CEO Stephen Westhoven during the analyst day in late November. “But uncertainty around an in-service […]

December 7, 2020 Read More →
IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks
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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 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 op-ed: It’s time for New Jersey to divest from fossil fuels

Fossil-free portfolios have performed as well, and even better, than those with traditional oil and gas stocks

By Richard J. Codey and Tom Sanzillo* Senators Bob Smith and Linda Greenstein have introduced the Fossil Fuel Divestment Bill, which would divest the state pension fund from fossil fuels. The bill has been gaining support rapidly. But the New Jersey Treasury Department, which administers pension money, has opposed the bill, saying it prefers stepped-up […]

September 29, 2020 Read More →

New Jersey opens bidding for up to 2,400MW of additional offshore wind capacity

OffshoreWind.biz: New Jersey has opened the application window for [the] state’s second solicitation of offshore wind capacity. This second solicitation seeks to award between 1,200 MW and 2,400 MW of offshore wind energy, potentially tripling the state’s committed capacity from 1,100 MW to 3,500 MW. The application window opened on 10 September and will close […]

September 14, 2020 Read More →

New Jersey moving forward with plans to build 7,500MW of offshore wind by 2035

S&P Global Market Intelligence ($): New Jersey regulators released a draft of the state’s plan to build 7,500 MW of offshore wind power by 2035. The plan details how New Jersey will develop port infrastructure, training programs, supply chains and transmission networks to help the state meet that goal. Gov. Phil Murphy on Jan. 31, […]

July 17, 2020 Read More →
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IEEFA update: Three major pipeline projects are scrapped in short order

Popular opposition, financial realities and alternative solutions spell defeat for multi-billion-dollar plans

Difficult and complex decisions are being made to reject the buildout of oil and gas pipelines in the United States and Canada. Long-term debates have finally come to a head, and three major pipeline projects have been halted as a result.  The companies that planned to build the Atlantic Coast Pipeline recently threw in the […]

Williams Companies shelves plan to build $1 billion gas pipeline to New York City

NJSpotlight: New Jersey and New York once again have denied key permits for a much contested $1 billion new pipeline that would cut through the former state and under Raritan Bay to supply the latter with natural gas. This time, permit denials appear to have killed the Williams Companies’ proposed Transco Northeast Supply Enhancement project, […]

May 18, 2020 Read More →