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The New York Times: The Biden administration announced on Wednesday a plan to develop large-scale wind farms along nearly the entire coastline of the United States, the first long-term strategy from the government to produce electricity from offshore turbines. Speaking at a wind power industry conference in Boston, Interior Secretary Deb Haaland said that her […]
IEEFA
Utility Dive: Dominion Energy is preparing to file its largest clean energy submission to date as part of Virginia’s triennial review process, totaling $1.5 billion in investment, CEO Robert Blue said on the utility’s second quarter earnings call Friday. The filing, due later this month, will include up to 1,100 MW of solar, either owned […]
IEEFA
S&P Global Market Intelligence ($): Based on already planned and announced retirements, less than half of the U.S. coal-fired power generation capacity that existed at the start of 2015 will remain online by 2035, a new S&P Global Market Intelligence analysis shows. Utilities are rapidly closing coal-fired power plants, and while 2020 and 2021 offer […]
IEEFA
Power Technology: The US Bureau of Ocean Energy Management (BOEM) is planning to prepare an environmental impact study (EIS) for Avangrid Renewables’ Kitty Hawk North offshore wind project in North Carolina. BOEM has published a notice of intent (NOI) in the federal register and will open a 30-day public comment period to define the scope […]
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 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 […]