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Dennis Wamsted and Seth Feaster
Consumers Energy, TVA among utilities planning full exits from coal
There is an inverse S-curve developing in the U.S. coal generation sector, with announced plant retirements expanding rapidly as utilities and independent power producers adjust to the influx of cleaner and cheaper wind, solar and battery storage resources disrupting the electric system. IEEFA data shows that just since March, the generating capacity of coal plants […]
IEEFA
S&P Global Market Intelligence ($): A nationwide clean power standard requiring 80% of U.S. electricity to come from carbon dioxide-free sources by 2030 would save hundreds of thousands of lives and sharply improve air quality while combatting climate change, according to a new study released July 12. The analysis, which the authors claimed was the […]
Dennis Wamsted
Regulators in North Carolina should follow suit, require changes to Duke Energy’s inadequate IRP
July 8, 2021 (IEEFA) ⎼ South Carolina regulators last month rejected Duke Energy’s integrated resource plan (IRP), directing the utility to resubmit its proposal after incorporating nearly a dozen significant changes and new analyses. Many of these changes had been proposed by a broad group of participants in the IRP process and were recommended in […]
IEEFA
E&E News ($): South Carolina energy regulators rejected Duke Energy Corp.’s long-term electricity plan Thursday, an unusual rebuke that could push one of the biggest U.S. utility companies to add more solar and battery storage to the grid. Meanwhile, some North Carolina Democratic lawmakers, clean energy advocates and consumer groups pushed back against a wide-ranging […]
IEEFA
Canary Media: After months of closed-door negotiations, Republican lawmakers in North Carolina have unveiled a long-awaited clean energy bill that would set utility Duke Energy on a path to close its coal-fired power plants by 2030 and expand the scope of solar development in the state. But that’s about all in the bill that’s pleasing […]
IEEFA
Utility Dive: North Carolina Gov. Roy Cooper, D, laid out ambitious offshore wind goals Wednesday as the state pushes toward its aim of reducing greenhouse gas emissions 70% below 2005 levels by 2030. Cooper’s executive order calls for the state to develop 2.8 GW of offshore wind projects by 2030 and 8 GW by 2040, […]
IEEFA
S&P Global Market Intelligence ($): The U.S. solar market got off to a hot start in 2021, adding 2,827 MW of utility-scale capacity in the first quarter, a 36% increase from the same period in 2020. The U.S. now has 51,966 MW of utility-scale solar power capacity, according to S&P Global Market Intelligence data, which […]
IEEFA
Wall Street Journal ($): Vistra Corp. owns 36 natural-gas power plants, one of America’s largest fleets. It doesn’t plan to buy or build any more. Instead, Vistra intends to invest more than $1 billion in solar farms and battery storage units in Texas and California as it tries to transform its business to survive in […]
IEEFA
New York Times ($): The Biden administration on Tuesday announced its final approval of the nation’s first commercial-scale offshore wind farm, a major step toward President Biden’s goal of expanding renewable energy production across the United States. The Vineyard Wind project calls for up to 84 turbines to be installed in the Atlantic Ocean about […]
IEEFA
S&P Global Market Intelligence ($): Avangrid Inc.’s 800-MW Vineyard Offshore Wind Project appears on track to become the first large-scale U.S. offshore wind farm to enter service, with the developer expecting a final investment decision in the second half of 2021 and production of electricity to begin in 2023, executives said May 4. Avangrid’s 23-GW […]
IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables
Integrated resource plans for Duke give short shrift to offshore wind, solar and battery storageApril 5, 2021 (IEEFA) ⎼ A pair of long-range plans for Carolina utilities owned by Duke Energy are all but ignoring potential savings from renewable energy sources over the next decade, according to a report by the Institute for Energy Economics and Financial Analysis. The IEEFA report is the fourth in a series examining the […]