Ohio

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.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

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 U.S.: Long-term contracts with American Municipal Power (AMP) saddle local communities with high prices

Dozens of communities in five states pay far above market price for electricity from Prairie State coal plant and Ohio River hydro projects

September 21, 2020 (IEEFA) — Long-term contracts with American Municipal Power (AMP) have stuck 83 communities in 41 counties across five states with extraordinarily high electricity prices for half a century, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. The largest AMP member, Cleveland Public Power (CPP), […]

IEEFA U.S.: Long-term contracts with AMP are ‘financial disaster’ for Cleveland Public Power customers

IEEFA U.S.: Long-term contracts with AMP are ‘financial disaster’ for Cleveland Public Power customers

Utility’s reliance on two projects cost ratepayers an extra $106 million

September 11, 2020 (IEEFA) — Long-term contracts with American Municipal Power (AMP) have been “a financial disaster” for Cleveland Public Power (CPP) customers, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). About 70% of CPP’s expenditures for its total power supply are paid to AMP, an […]

IEEFA report: Indiana electric utility customers could pay $128 million more through 2026

IEEFA report: Indiana electric utility customers could pay $128 million more through 2026

HB1414 means two aging coal plants likely to stay open, a setback for consumers and businesses

April 8, 2020 (IEEFA U.S.) – Hoosiers could be on the hook for an additional $128 million as a result of House Bill 1414 which was passed by the Indiana General Assembly in March, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA), an Ohio-based energy think tank. […]

IEEFA U.S.: Ohio petrochemical project faces high risks and shaky outlook

IEEFA U.S.: Ohio petrochemical project faces high risks and shaky outlook

PTTGC plan under pressure from increased competition and market uncertainty

March 21, 2020 (IEEFA U.S.) – Plans to build a new petrochemical complex in Belmont County, Ohio face myriad market and other challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The project is to be undertaken by Thailand-based PTT Global Chemical (“PTTGC”) and Daelim Industrial of […]

IEEFA U.S.: Imminent Hopi-Navajo budget crisis as coal industry collapses

IEEFA U.S.: Imminent Hopi-Navajo budget crisis as coal industry collapses

Federal action required, potential for bipartisan national coalfield reinvestment legislation: past models include Hurricanes Katrina and Sandy response, bailout of auto industry, mitigation for military base closures

May 30, 2019 (IEEFA) – Closure this year of the Navajo Generating Station (NGS) and Kayenta Mine will gut tribal government budgets in northern Arizona, according to a report published today by the Institute for Energy Economics and Financial Analysis. In response to the planned closures, Navajo Nation will reduce public-service expenditures by 23 percent […]

IEEFA update:  Bailing out Ohio’s nuclear and coal plants unnecessary for supply or rate stability

IEEFA update: Bailing out Ohio’s nuclear and coal plants unnecessary for supply or rate stability

But $300 million annual charge would be bonanza for FirstEnergy Solutions

(IEEFA U.S.) – A bill before the Ohio General Assembly (HB 6), aimed at rescuing FirstEnergy Solutions’ economically uncompetitive aging nuclear and coal-fired power plants is misguided, according to a briefing note released by the Cleveland-based Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note: Bailout Bill a Bonanza for FirstEnergy Solutions, may […]

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

Utilities accelerate shutdown dates; 22 plants in 14 states this year; hard-hit regions include the Ohio River Valley

Oct. 25, 2018 — U.S. coal-fired power plant closures are on pace this year to set a record, concludes a research report published today by the Institute for Energy Economics and Financial Analysis. The report — “Record Drop in U.S. Coal-Fired Capacity Likely in 2018: Utilities Are Accelerating Shutdown Dates as Plants Grow Increasingly Uneconomic”— […]

More News and Commentary

Ohio judge blocks $1 billion nuclear bailout bill

Associated Press: A central Ohio judge on Monday blocked the subsidies from a $1 billion nuclear bailout law at the center of a $60 million bribery probe, as state lawmakers scrambled to decide the fate of a repeal effort and nominees were chosen to succeed a utility regulator who resigned amid the investigation. Franklin County […]

December 22, 2020 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 […]

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now
, and

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

Thai company delays decision on $10 billion petrochemical complex in Ohio

The Columbus Dispatch: A Thailand company has again delayed its decision about whether to proceed with a massive petrochemical plant in eastern Ohio, raising more doubts about whether the project will proceed. PTT Global Chemical is conducting another feasibility study of the proposed plant in Belmont County, a review that will delay a final decision […]

November 18, 2020 Read More →

FirstEnergy filing says Ohio bribery probe could pose risks to utility’s financial status

Cleveland.com: FirstEnergy officials said Monday they will not comment further on what prompted the company to fire its CEO and two other top executives late last week, other than the decision was set in motion following a Sept. 2 subpoena from the U.S. Securities and Exchange Commission. But a new company regulatory filing says “potential […]

November 3, 2020 Read More →

Mitsubishi unit sees potential in offshore wind projects in U.S. Great Lakes region

Greentech Media: Japan’s Mitsubishi Corp. continues to explore the possibility of building an offshore wind project in Lake Erie to deliver power for New York state, as development zones off the Atlantic Coast remain in limited supply. Diamond Offshore Wind, a unit of Mitsubishi Corp., stirred up local opposition last year after submitting an interconnection […]

October 14, 2020 Read More →
IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks
, and

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 […]

Vistra to retire 6,800MW of coal generation capacity in Illinois and Ohio by 2027

S&P Global Market Intelligence ($): Vistra Corp. will retire more than 6,800 MW of coal-fired capacity in Illinois and Ohio by 2027 and add more than 900 MW of new solar and energy storage capacity in Texas, the company said Sept. 29. Vistra also released its first-ever climate report announcing a new goal to cut […]

September 30, 2020 Read More →
and

IEEFA: Ohio cancels permits for controversial Mountaineer storage facility

Powhatan Salt Company was to build mining wells for storing natural gas liquids (NGLs)

September 26, 2020 (IEEFA U.S.) ‒ The Ohio Department of Natural Resources announced it had cancelled permits for the Mountaineer storage project. The permits would have allowed Powhatan Salt Company to build solution mining wells for natural gas liquids (NGL) storage in Monroe County. The storage was intended to support a burgeoning petrochemicals industry in […]

and September 28, 2020 Read More →
and

IEEFA U.S.: Long-term contracts with American Municipal Power (AMP) saddle local communities with high prices

Dozens of communities in five states pay far above market price for electricity from Prairie State coal plant and Ohio River hydro projects

September 21, 2020 (IEEFA) — Long-term contracts with American Municipal Power (AMP) have stuck 83 communities in 41 counties across five states with extraordinarily high electricity prices for half a century, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. The largest AMP member, Cleveland Public Power (CPP), […]