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Casper Star Tribune: Wyoming’s long-held dream of exporting Powder River Basin coal from a West Coast terminal was recently dashed when the project’s owner filed for bankruptcy and failed to find an interested buyer. Lighthouse Resources Inc. petitioned for Chapter 11 bankruptcy on Dec. 3. The company owns the Decker coal mine in Montana, just […]
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S&P Global Market Intelligence ($): After 18 months of workshops, hearings and document revisions, the Washington State Department of Commerce and the Washington Utilities and Transportation Commission adopted rules to require investor-owned and publicly owned electric utilities to supply power to their customers from sources that do not emit carbon dioxide and other greenhouse gas […]
Press Release, Karl Cates and Seth Feaster
Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces
December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]
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S&P Global Market Intelligence ($): Two more U.S. coal mining companies have filed for bankruptcy as producers across the country struggle to sell coal into the troubled thermal coal market. White Stallion Energy LLC and Lighthouse Resources Inc. filed voluntary petitions for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware […]
Guest Commentary: Brent Israelsen and Karl Cates
Long-simmering initiative to send Utah product to Asia is dead
A long-shot proposal to send coal 700 miles overland from Utah to Oakland for transoceanic shipment to Asian markets is dead. A U.S. bankruptcy judge in Kentucky last week approved a plan by the proposed project’s major creditor, Autumn Wind Lending LLC, to take over a sublease at the Oakland Bulk and Oversized Terminal (OBOT) […]
Press Release, Dennis Wamsted and Bryndis Woods
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 […]
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KIFI/KIDK: PacifiCorp, the parent company of Rocky Mountain Power, has issued what it calls the largest request for proposals for renewable energy projects in company history. The company is looking for competitive resources to connect to its 10-state transmission system. According to its Integrated Resource Plan, the company plans to add 1,823 megawatts of new […]
Dennis Wamsted and Karl Cates
Charging customers $7,000 apiece for a long-shot industry experiment
In making a pitch for a multi-billion-dollar ratepayer-funded bailout of the state’s coal industry, Wyoming legislators are avoiding the hard truth of market realities all around them and asking rank-and-file electric customers to foot the bill. Legislation now being considered by the Wyoming legislature (House Bill No. HBO200) would direct the state’s utility commission to […]
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S&P Global Market Intelligence ($): New York City Mayor Bill de Blasio announced that he will work with the city council to develop legislation prohibiting the use of natural gas and fuel oil in large buildings, part of a suite of renewable energy and climate policies during his State of the City address. The announcement […]
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Billings Gazette: NorthWestern Energy plans to increase its share in Colstrip Unit 4 by buying out another power plant owner who recently revealed the coal-fired unit needs $20 million in repairs. Montana’s largest monopoly utility said Tuesday that it will buy out Puget Sound Energy for $1. The price is identical to what NorthWestern pitched […]
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 forcesDecember 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 […]