North Carolina

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 report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

Decade-long influx of cheap gas started regional transition; solar expected to finish it

Oct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]

IEEFA report: The vanishing case for the Atlantic Coast Pipeline

IEEFA report: The vanishing case for the Atlantic Coast Pipeline

Declining demand and more affordable renewables raise new questions about viability

January 29, 2019 (IEEFA) — Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International. The report, The Vanishing Need for the Atlantic […]

Two Pipeline Expansion Projects in Appalachia Indicate a Rush Toward Overbuilding

Two Pipeline Expansion Projects in Appalachia Indicate a Rush Toward Overbuilding

Mountain Valley and Atlantic Coast Pipelines Pose Risk to Ratepayers, Communities, and Investors

We’ve published a report today that concludes that two natural gas pipelines proposed for construction from West Virginia into Virginia and North Carolina are indicative of a rush toward industry overbuilding. The study, “Risks Associated With Natural Gas Pipeline Expansion Across Appalachia,” examines the proposed Mountain Valley Pipeline, which would traverse West Virginia into eastern […]

April 27, 2016 Read More →
Memo- Duke Energy and Costs of Coal Ash Cleanup

Memo- Duke Energy and Costs of Coal Ash Cleanup

Memo on Duke Energy and Costs of Coal Ash Cleanup (pdf)

June 10, 2014 Read More →

More News and Commentary

EIA: Record 15.4GW of utility-scale solar capacity to be added to U.S. grid in 2021

PV Tech: A record amount of utility-scale PV capacity is expected to be connected to the grid in the US this year, with Texas accounting for more than a quarter of solar additions, according to new data from the US Energy Information Administration (EIA). Developers and plant owners forecast 15.4GW of new utility-scale PV coming […]

January 13, 2021 Read More →
IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs
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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 […]

Avangrid Renewables proposes 2.5GW wind farm off the coast of North Carolina

S&P Global Market Intelligence ($): Avangrid Renewables LLC has submitted a construction and operations plan to the U.S. Bureau of Ocean Energy Management for the first phase of its proposed Kitty Hawk Offshore Wind Farm off the coast of North Carolina. Under the proposal, the wind farm will be built in multiple phases between 2021 […]

December 14, 2020 Read More →

IEEFA update: Another pipeline tripped up by failure to obtain a Clean Water Act approval

State action thwarts another U.S. federal effort to expand fossil fuel-burning as financial realities and alternative solutions embolden a North Carolina agency

While the debate rages over the Mountain Valley Pipeline, a large proposed extension has just hit a brick wall.   The main Mountain Valley Pipeline, which would run 303 miles from West Virginia to Pittsylvania County in Virginia, is not yet fully built. Construction was speeding along until a U.S. appeals court ruled that it had […]

August 13, 2020 Read More →

North Carolina denies key water permit for planned southern extension of Mountain Valley Pipeline

Greensboro News & Record: North Carolina environmental officials have denied a key permit that would allow a proposed natural gas pipeline to be built along the Triad’s eastern border. In a letter that was posted online by N.C. Policy Watch on Tuesday, the director of N.C. Division of Water Resources said the division has determined […]

August 12, 2020 Read More →

Duke Energy takes $1.6 billion charge to account for cancelled Atlantic Coast gas pipeline project

Reuters: U.S. energy company Duke Energy Corp said Monday it took a $1.6-billion after-tax charge in the second quarter for the cancellation of the Atlantic Coast natural gas pipeline from West Virginia to North Carolina. Atlantic Coast was the most expensive U.S. gas pipeline under construction when Duke and partner Dominion Energy Inc exited the […]

August 11, 2020 Read More →

Atlantic Coast, Keystone XL, Dakota Access — for pipeline companies, winning ain’t what it used to be

Project cancellations highlight larger stressors in the oil and gas industry

If you are a pipeline developer, landmark court victories just aren’t what they used to be. Dominion Energy and Duke Energy announced on Sunday that they are canceling their proposed Atlantic Coast Pipeline just 20 days after they won a 7-2 decision in the U.S. Supreme Court authorizing them to build the pipeline underneath the Appalachian Trail. […]

Gas pipeline setbacks pushing U.S. utilities to embrace renewables, analysts say

Greentech Media: Legal challenges halted several major pipeline projects across the U.S. in recent days, underscoring a seismic shift facing the U.S. utility industry: the rise of renewables as a potentially less costly and risky alternative to fossil fuels. Over the weekend Dominion Energy and Duke Energy, two of the country’s biggest utilities, canceled their Atlantic […]

July 7, 2020 Read More →

Southeast utilities cancel Atlantic Coast Pipeline, Dominion also selling gas business

Bloomberg: One of the largest utilities in America is starting to turn its back on natural gas. Dominion Energy said Sunday that it’s selling substantially all of its natural gas pipeline and storage assets to Berkshire Hathaway Inc. for $4 billion, along with Berkshire’s assumption of $5.7 billion in debt. In a separate statement, the […]

July 6, 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 →