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

Biden pushes plan to boost solar to 45% of U.S. electricity supply

New York Times ($): The Biden administration on Wednesday released a plan to produce almost half of the nation’s electricity from the sun by 2050 as part of its effort to combat climate change. Solar energy provided less than 4 percent of the country’s electricity last year, and the administration’s target of 45 percent would […]

September 8, 2021 Read More →

Colstrip operator Talen falls $4 billion into debt, bonds downgraded

Billings Gazette: Talen Energy, which operates Colstrip Power Plant, is $4 billion in debt and facing negotiations with creditors as its bonds are downgraded to a substantial fundamental credit risk. What the company’s financial troubles mean for its Colstrip future remains to be seen. As the majority of the owners in the southeast Montana power […]

September 3, 2021 Read More →

PSEG reaches deal to sell gas-fired plants to private equity firm

Bloomberg ($): Public Service Enterprise Group, New Jersey’s largest utility owner, reached a deal to sell a portfolio of natural gas-fired power plants for about $1.92 billion as part of its effort to reorient the company and curb its carbon emissions. The sale to a fund controlled by ArcLight Capital Partners is scheduled to close […]

August 12, 2021 Read More →

PSEG views offshore wind opportunities, closer to fossil fuel fleet sale

S&P Global Market Intelligence ($): Public Service Enterprise Group Inc. plans to seize on a significant opportunity to invest in offshore wind infrastructure in New Jersey and is closer to making an announcement on the sale of its fossil generation fleet, company management told investors and analysts. New Jersey is soliciting proposals through the PJM […]

August 5, 2021 Read More →

IHS Markit: US 2030 offshore wind goal likely to be short by one-third

ReNews Biz: US offshore wind capacity is expected to hit 21GW by 2030, missing the White House’s target by 30%, according to a new report from IHS Markit.  Driven by $100bn (€84.5bn) in investment, the evolution of the US offshore wind market is being boosted by an increase in state-level policy commitments, federal lease sales, […]

July 29, 2021 Read More →

New Jersey scraps local control of transmission line placement

E&E News ($): New Jersey Gov. Phil Murphy signed a law yesterday stripping local communities of authority over placement of transmission lines, removing a chief obstacle for offshore wind in the state. The move, while focused on just one state, highlights national tensions cropping up over a planned acceleration of renewable energy projects that some […]

July 27, 2021 Read More →

FERC rebuffs New Fortress challenge to jurisdiction over Puerto Rico LNG plant

S&P Global Market Intelligence ($): The Federal Energy Regulatory Commission upheld its ruling that required New Fortress Energy Inc. to apply for a federal permit for an LNG import terminal that is already in operation in Puerto Rico, paving the way for a pending challenge by the developer to proceed at a federal appeals court. […]

July 16, 2021 Read More →

Enel expands US portfolio to include 3.2GWdc of solar, storage projects

PV Tech: Enel Green Power has bolstered its position in the US solar and energy storage markets by acquiring a 3.2GWdc portfolio of solar and solar-storage projects. The portfolio comprises 24 development-stage projects spread across the Mid-Atlantic, Midwest and Western United States, specifically in the states of New Jersey, Pennsylvania, Delaware, West Virginia, Missouri and […]

July 14, 2021 Read More →

Maine blocks offshore wind in state waters but encourages federal sites

The Hill: New offshore wind projects will be prohibited from Maine state waters reserved for recreation and fishing under a new measure signed into law Wednesday by Gov. Janet Mills (D).   The bill was prompted by concerns from members of the commercial fishing industry on how they will be impacted by the state’s investment in […]

July 9, 2021 Read More →

Board gives nod to massive wind farms to power more than 1 million N.J. homes

Bloomberg ($): New Jersey regulators approved two massive wind farms in the Atlantic Ocean that together will power more than 1 million homes, calling it an unprecedented step toward its climate goals. The Board of Public Utilities awarded a combined 2.7 gigawatts of capacity to Orsted’s Ocean Wind II project and the Atlantic Shores Offshore […]

July 1, 2021 Read More →