New Jersey

IEEFA Research

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

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
, and

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 →

IEEFA update: Doubling down on utility-scale renewables

Solar and wind continue to attract investors as fossil fuel assets fall

Amid the global economic crisis, utility-scale wind and solar continue to be seen not just as a long-term investment but one for the near term as well.  Writing from Australia this week, my colleague Bruce Robertson notes that two big energy companies—Origin and Santos—are pulling back on oil and gas capital spending but forging ahead on […]

April 8, 2020 Read More →

U.S. installed 9.1GW of new wind in 2019, total capacity now tops 105GW—AWEA

Windpower Engineering & Development: The [U.S.] wind industry experienced its third strongest year on record in 2019 as project developers added 9,143 MW of wind power capacity to the grid. On the heels of this activity, another 44,000 MW of wind projects – representing over $62 billion in investment – are either under construction or […]

February 3, 2020 Read More →

Global growth pushes profits at offshore wind major Ørsted, beyond forecasts

Recharge: Profits at Ørsted rose last year as the Danish offshore wind champion ramped up new wind farms both on land as well as at sea. “2019 was a great year for Ørsted with continued strategic progress and global expansion. We achieved a very satisfactory operating profit (Ebitda), and the green share of our heat […]

January 31, 2020 Read More →