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IEEFA Research

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

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 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 U.S.: How to negotiate responsible tax breaks on renewable energy deals

A guide to best practices in a sector where standards are lacking

Oct. 28, 2020 (IEEFA) — An advisory published today by the Institute for Energy Economic and Financial Analysis (IEEFA) warns that too few standards exist for renewable energy tax abatement deals, even as utility-scale solar and wind power continue to quickly gain market share across the electricity generation sector. The advisory, Negotiating Responsible Tax Breaks […]

IEEFA report: Proposed NESE gas pipeline may stick New York ratepayers with one billion-dollar+ cost

IEEFA report: Proposed NESE gas pipeline may stick New York ratepayers with one billion-dollar+ cost

Demand projections unrealistic – more sustainable and affordable options available

April 17, 2020 (IEEFA NEW YORK) ‒ National Grid’s proposed Northeast Supply Enhancement (NESE) pipeline will cost at least $1 billion to build, supplying gas for which there is no demonstrable need, according to a report submitted to regulators today by the Institute for Energy Economics and Financial Analysis (IEEFA). The NESE pipeline would channel […]

IEEFA update: Andrew Cuomo got it right on New York’s fracking ban

Despite opponents’ fears, ban likely saved investors billions

New York State, under the leadership of Governor Andrew Cuomo, instituted a ban on hydraulic fracturing (fracking) in 2014. Not surprisingly, the ban was hotly contested. Opponents had portrayed fracking as a silver bullet that would create jobs and promote economic development.  They predicted the state’s citizens would regret Cuomo’s decision. A retrospective analysis of […]

Opportunity Knocks With Closing of Coal-Fired Power Plant in Upstate New York

Opportunity Knocks With Closing of Coal-Fired Power Plant in Upstate New York

Potential Makeover of Tonawanda's Economy May Serve as a National Model

When we published our report about the fading financial viability of the aging Huntley Generation Station in early 2014, the facts showed the facility was all but destined to close. It had marginal usefulness for the region it was built to serve, and the financial drain it placed on NRG, the owner, would be borne […]

September 3, 2015 Read More →
Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected

Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected

Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected 

August 23, 2015 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 →
Report- Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls For Corporate And Community Leadership

Report- Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls For Corporate And Community Leadership

Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls For Corporate And Community Leadership (pdf)      

January 28, 2014 Read More →

More News and Commentary

New York awards 2.5GW of offshore wind projects to Equinor and BP

Greentech Media: The state of New York has awarded 2.5 gigawatts of offshore wind projects to developers Equinor and BP, the largest yet in the state’s massive offshore wind build-out and one of the single largest U.S. renewable energy contracts yet awarded. Wednesday’s award, announced by New York Gov. Andrew Cuomo during his 2021 State […]

January 14, 2021 Read More →
IEEFA: After a terrible 2020, the oil industry’s story has turned political
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IEEFA: After a terrible 2020, the oil industry’s story has turned political

For 2021, expect conflict and infighting to further muddy the industry’s prospects

It was a dismal year for oil and gas. As the pandemic sucked the wind from the sails of the global economy, oil demand slumped, stockpiles swelled, prices sagged, capital spending collapsed, debt ballooned, profits evaporated, and bankruptcies skyrocketed. After this torrent of bad news, the energy sector ended the year in last place in […]

IEEFA: NYS Comptroller DiNapoli’s bold divestment plan may inspire investors to follow suit

Divestment option should be emulated by other major funds

New York State Comptroller Thomas P. DiNapoli, who heads one of the largest public pension funds in the U.S., concluded 2020 with a bold investment decision on fossil fuels. He will hold the entire industry to higher standards regarding climate change and establish broader scrutiny of a pension portfolio with holdings that span the entire economy in a […]

January 7, 2021 Read More →
IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs
, and

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 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 […]

Con Edison, 174 Power Global sign contract for big battery storage project in New York City

Greentech Media: New York utility Con Edison has signed its biggest energy storage contract to date, a 100-megawatt/400-megawatt-hour lithium-ion battery project that will help balance a grid facing rising levels of offshore wind and other renewable power in the years to come.  Under the contract announced Wednesday, developer 174 Power Global will build the battery system, […]

December 17, 2020 Read More →

IEEFA: New York State Comptroller DiNapoli takes the lead on fossil fuel divestment

State pension fund valued at $226 billion aims for net zero carbon target by 2040

New York State Comptroller Thomas P. DiNapoli took a bold step this week by moving to end investments in the riskiest oil and gas stocks—those unable or unwilling to get out of fossil fuel production. For many years, fossil fuel investments provided strong returns, ensuring that the state pension fund was solvent and retirees were […]

December 10, 2020 Read More →
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IEEFA: New York State pension fund sets net-zero carbon emissions target

Fund valued at $226 billion, move signals investor shift away from fossil fuels

December 9, 2020 (IEEFA U.S.)  – In response to New York State’s announcement on Wednesday that its pension fund, one of the world’s largest, has set a net zero carbon emissions target for its investment portfolio by 2040, the Institute for Energy Economics and Financial Analysis (IEEFA) released the following statement. “IEEFA applauds New York […]

New York’s state pension fund to divest most fossil fuel stocks in coming five years

The New York Times: New York State’s pension fund, one of the world’s largest and most influential investors, will drop many of its fossil fuel stocks in the next five years and sell its shares in other companies that contribute to global warming by 2040, the state comptroller said on Wednesday. With $226 billion in […]

December 9, 2020 Read More →
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IEEFA U.S.: How to negotiate responsible tax breaks on renewable energy deals

A guide to best practices in a sector where standards are lacking

Oct. 28, 2020 (IEEFA) — An advisory published today by the Institute for Energy Economic and Financial Analysis (IEEFA) warns that too few standards exist for renewable energy tax abatement deals, even as utility-scale solar and wind power continue to quickly gain market share across the electricity generation sector. The advisory, Negotiating Responsible Tax Breaks […]

Equinor, Orsted submit bids for New York’s 2.5GW offshore wind solicitation

Newsday: Norwegian energy conglomerate Equinor has bid to create another 2,500 megawatts of offshore wind power for New York state and Long Island with two projects. One, which would connect to the local electric grid in Nassau County, would more than double the number of turbines off Long Island to some 200. A second would […]

October 21, 2020 Read More →