Texas

IEEFA Research

IEEFA U.S.: ExxonMobil touts Permian Basin success but achieves mixed results

IEEFA U.S.: ExxonMobil touts Permian Basin success but achieves mixed results

Data suggests that ExxonMobil is underperforming in the Permian Basin

June 9, 2021 (IEEFA) – ExxonMobil’s claims that its Permian Basin oil and gas reserves are world-class will need the immediate attention of the new board, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). In recent investor presentations, ExxonMobil has highlighted the superior performance of its oil wells […]

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

Carbon capture at SaskPower’s Boundary Dam 3 facility falls far short of projections

April 20, 2021 (IEEFA) — An announcement by a Canadian power company that it’s met carbon capture goals shouldn’t be taken at face value, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. SaskPower, the operator of the Boundary Dam 3 coal plant, said March 31 that its […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]

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.: How to negotiate responsible tax breaks on renewable energy deals

A guide to best practices in a sector where standards are lacking

Oct. 28, 2020 (IEEFA) — An advisory published today by the Institute for Energy Economic and Financial Analysis (IEEFA) warns that too few standards exist for renewable energy tax abatement deals, even as utility-scale solar and wind power continue to quickly gain market share across the electricity generation sector. The advisory, Negotiating Responsible Tax Breaks […]

IEEFA: What Australia can learn from Texas’ embrace of clean energy

IEEFA: What Australia can learn from Texas’ embrace of clean energy

In the home of U.S. oil and gas, private investors are pouring money into renewables

19 October 2020 (IEEFA Australia): The Australian government’s plan for a gas-fired economic recovery from COVID-19 ignores the market’s clear preference for renewables over fossil fuels. That’s the conclusion of a new note from the Institute for Energy Economics and Financial Analysis (IEEFA) that argues Australia could learn from the experience of U.S. oil and […]

IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes

IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes

Multiple issues in contract likely to contribute to failure of safe, reliable and resilient grid

October 12, 2020 (IEEFA) ‒ A major contract signed with the LUMA Energy consortium may prevent Puerto Rico from building a safe, reliable and resilient electrical system, according to a new report from the Institute for Energy Economics and Financial Analysis. The deal to operate the island’s grid came in the wake of a series […]

IEEFA: Acuerdo de LUMA Energy allana camino para que los reguladores de Puerto Rico repitan errores pasados

Múltiples problemas en el contrato que pueden contribuir al fracaso de una red segura, confiable y resiliente

12 de octubre de 2020 (IEEFA) – Un importante contrato firmado con el consorcio LUMA Energy puede impedir que Puerto Rico construya un sistema eléctrico seguro, confiable y resiliente,  según un nuevo informe del Instituto de Economía Energética y Análisis Financiero. El acuerdo para operar la red de la isla se produjo a raíz de […]

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

More News and Commentary

EU polluters seeking carbon capture as solution despite poor results

Bloomberg ($): As the European Union gets serious about fighting climate change, experts are fielding more calls than ever from polluters seeking help to trap, process and store their carbon emissions. The business of capturing emissions from industrial plants that make everything from cement to energy will get a push from the European Commission’s ambitious […]

July 22, 2021 Read More →

Vistra plans to shutter 1.3GW coal-fired Ohio plant five years early

S&P Global Platts ($): Vistra on July 19 said it would close its 1.3-GW Zimmer coal-fired power plant in Ohio on May 31, 2022, five years earlier than previously announced, after the plant failed to clear the PJM capacity market. “The Zimmer coal-fueled power plant has recently struggled economically due to its configuration, costs, and […]

July 20, 2021 Read More →

Enel expands US portfolio to include 3.2GWdc of solar, storage projects

PV Tech: Enel Green Power has bolstered its position in the US solar and energy storage markets by acquiring a 3.2GWdc portfolio of solar and solar-storage projects. The portfolio comprises 24 development-stage projects spread across the Mid-Atlantic, Midwest and Western United States, specifically in the states of New Jersey, Pennsylvania, Delaware, West Virginia, Missouri and […]

July 14, 2021 Read More →

US clean electricity standard could save 317,500 lives by 2050

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 […]

July 13, 2021 Read More →

LNG exports reach new high even as Biden policy remains vague

E&E News ($): U.S. exports of liquefied natural gas are surging under President Biden, eclipsing prior records and poised to climb higher still. Even as the administration pledges to tackle climate change in part by distancing the United States from fossil fuels, the country’s LNG exports expanded to a new high this March, according to […]

July 8, 2021 Read More →

Abbott orders Texas PUC to double down on natural gas, coal

Houston Chronicle: Gov. Greg Abbott on Tuesday ordered the Public Utility Commission of Texas to make substantial changes in an effort to prevent power outages in the future. Among the orders, Abbott asked the agency to: create more incentives within the Electric Reliability Council of Texas to develop and maintain sources of power such as […]

July 7, 2021 Read More →

Equinor, US Steel mull using Appalachian gas for cleaner blue hydrogen

S&P Global Market Intelligence ($): Norwegian oil and gas producer Equinor ASA is teaming up with manufacturer U.S. Steel Corp. to explore converting Appalachia’s natural gas to cleaner “blue hydrogen,” the firms said June 29. Blue hydrogen uses steam methane reforming to make hydrogen and uses carbon capture and storage, or CCS, technologies to store […]

July 1, 2021 Read More →

Puerto Rico grid privatization running into problems early and often

Miami Herald: As a flash storm poured over San Juan on June 1, leaders and members of labor unions huddled under a yellow tent in front of the Puerto Rico Electric Power Authority to denounce LUMA Energy, the new private operator of the island’s power grid. “There won’t be peace, there won’t be peace, if […]

June 18, 2021 Read More →

Texas passes law banning investments with fossil divesting businesses

Bloomberg ($):  Texas is drawing battle lines in a fight against investors and companies turning their backs on fossil fuels. Governor Greg Abbott signed a bill into law on Monday banning state investments in businesses that cut ties with the oil and gas industry. The underlying message, according to one of the most powerful energy […]

June 16, 2021 Read More →

More than half of China overseas coal plant projects nixed since 2014

Bloomberg: Over half of the Chinese-backed overseas coal-fired power plant projects have been shelved or canceled over the past six years, underscoring the rising forces against coal investments globally. Of the 52 projects with Chinese financing announced between mid-2014 and the end of last year, 25 have been shelved and eight have been canceled, according […]

June 16, 2021 Read More →