Pennsylvania

IEEFA Research

IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics

IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics

Financial concerns are likely to affect other PJM gas projects still in the planning phase

November 18, 2021 (IEEFA) – A recent decision to cancel the 1,000-megawatt Beech Hollow combined gas plant in Pennsylvania is the latest warning for investors considering funding new gas-fired power plants in the PJM Interconnection (PJM) region. According to a briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), the reason is […]

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

An ‘essential industry’ to the U.S. economy runs in the dark

October 18, 2021 (IEEFA) — Despite its growing importance to the U.S. economy, the nation’s plastics industry remains a heavily concentrated sector taking advantage of an opaque, unregulated price-setting mechanism to bolster profits for major oil and gas companies, as well as plastic producers. The sector, which has increased prices throughout the year, was deemed […]

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.:  Appalachian frackers report $504M in negative free cash flow despite capex slashing

IEEFA U.S.: Appalachian frackers report $504M in negative free cash flow despite capex slashing

Tide of red ink shows little sign of ebbing any time soon for shale-focused regional gas producers

December 3, 2020 (IEEFA)—Even after cutting their capital expenditures (capex) by more than one-third from the previous year, nine shale-focused gas producers in Appalachia spent a half-billion dollars more during the third quarter on drilling and building projects than they earned from selling oil and gas. Capex investments during the third quarter were the lowest […]

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.: 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”— […]

IEEFA report: Seven disruptions driving the modernization of electricity generation and transmission

IEEFA report: Seven disruptions driving the modernization of electricity generation and transmission

Overlapping forces spell further declines for coal-fired power

We’ve published a research brief today that looks at the underlying forces driving a global shift in how electricity is generated. Our paper—“The Seven Technology Disruptions Driving the Global Energy Transition”—is a primer on fundamental changes occurring now that are collectively displacing coal from its long-dominant role in power generation. We note in the brief […]

October 5, 2018 Read More →

More News and Commentary

Pennsylvania coal-fired plant slated for March shutdown, demolition

Pittsburgh Post-Gazette: Cheswick Generating Station, the last coal-fired power plant in Allegheny County, is being sold to a Kentucky-based firm for demolition, remediation and redevelopment when it shuts down at the end of March. Charah Solutions Inc., which specializes in environmental remediation, is purchasing the power plant in Springdale and its related ash landfill and […]

January 21, 2022 Read More →

Gas deliveries to U.S. LNG export terminals hit record in November

S&P Capital IQ ($): Natural gas deliveries to U.S. LNG export terminals surged to record levels in the waning days of November, topping 12 Bcf/d as strong global gas demand continued to incentivize operators to run their facilities at full bore. Total feedgas deliveries to the six major operating U.S. LNG export facilities hit about […]

December 3, 2021 Read More →

Natural gas building ban hits 50 places in California, grows elsewhere

S&P Capitol IQ ($): The movement to ban natural gas use in buildings reached a milestone in the second half of 2021, with California notching its 50th building electrification mandate. Meanwhile, the number of states prohibiting the policy appeared poised to top out around 20 this year, as all-electric construction ordinances advanced on the East […]

November 24, 2021 Read More →

Wastewater treatment rules forcing coal-fired plant closures in U.S.

Associated Press: Climate change isn’t what’s driving some U.S. coal-fired power plants to shut down. It’s the expense of stricter pollution controls on their wastewater. Dozens of plants nationwide plan to stop burning coal this decade to comply with more stringent federal wastewater guidelines, according to state regulatory filings, as the industry continues moving away […]

November 24, 2021 Read More →
IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics
and

IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics

Financial concerns are likely to affect other PJM gas projects still in the planning phase

November 18, 2021 (IEEFA) – A recent decision to cancel the 1,000-megawatt Beech Hollow combined gas plant in Pennsylvania is the latest warning for investors considering funding new gas-fired power plants in the PJM Interconnection (PJM) region. According to a briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), the reason is […]

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy
, and

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

An ‘essential industry’ to the U.S. economy runs in the dark

October 18, 2021 (IEEFA) — Despite its growing importance to the U.S. economy, the nation’s plastics industry remains a heavily concentrated sector taking advantage of an opaque, unregulated price-setting mechanism to bolster profits for major oil and gas companies, as well as plastic producers. The sector, which has increased prices throughout the year, was deemed […]

Plans cancelled for 1,000-megawatt gas-fired Pennsylvania plant

S&P Capital IQ ($): Robinson Power Co. LLC, an independent power producer in Pennsylvania, will not move forward with plans to develop its gas-fired 1,000-MW Beech Hollow CC Plant. According to the Pennsylvania Department of Environmental Protection, Robinson submitted a request on Sept. 29 to terminate any permits associated with the Beech Hollow project, and […]

October 8, 2021 Read More →

IEEFA U.S.: Another big pipeline project bites the dust—and FERC should take notice

PennEast Pipeline cancellation boosts case for change in commission policy

Yet another unnecessary pipeline—the PennEast project—has been cancelled after the Federal Energy Regulatory Commission (FERC) issued a permit for it. The incident provides compelling new evidence for FERC to adopt strong protocols to ensure a proper analysis of the need for a proposed pipeline project. FERC could have prevented wasted expenses, legal fees and effort […]

September 29, 2021 Read More →

PennEast announces cancellation because of state permit issues

E&E News ($): The PennEast pipeline will no longer go forward, the project’s developer announced today, just three months after landing a key win before the Supreme Court. PennEast Pipeline Co. LLC said it did not have the necessary permits to continue with the 116-mile project, which was designed to carry natural gas from Pennsylvania […]

September 27, 2021 Read More →

Colstrip operator Talen falls $4 billion into debt, bonds downgraded

Billings Gazette: Talen Energy, which operates Colstrip Power Plant, is $4 billion in debt and facing negotiations with creditors as its bonds are downgraded to a substantial fundamental credit risk. What the company’s financial troubles mean for its Colstrip future remains to be seen. As the majority of the owners in the southeast Montana power […]

September 3, 2021 Read More →