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IEEFA Research

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. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

Production Declining by as Much as 40 Million Tons; Prices Failing to Benefit Shareholders or Stimulate New Investment; Anemic Exports; Little or No Gain From Regulatory Relief; Increasingly Dim Employment Prospects

We’re out this morning with our annual outlook for U.S. coal markets, and the picture isn’t pretty. We see the potential for some short-lived strength in the current uptick for coal producers but the title of our assessment sums up the larger view: “Short-Term Gains Will Be Muted by Prevailing Weaknesses in Fundamentals.” You can […]

IEEFA Analysis: Financial Condition of Montana’s Colstrip 1 and 2 Worse Than Previously Known

IEEFA Analysis: Financial Condition of Montana’s Colstrip 1 and 2 Worse Than Previously Known

Costs to Ratepayers Stand to Increase if Puget Sound Keeps Two Coal-Fired Plants Alive

In testimony today to the state Utilities and Transportation Commission in Olympia, Wash., we are presenting fresh analyses that shows how two coal-fired electricity generators in Montana co-owned by Puget Sound Energy are worse investments  than previously known. Over the past several months, IEEFA has documented how Colstrip 1 and 2 have become an increasingly […]

Study Concludes That Colstrip 1 and 2 Are Financially Unviable; Cautions Against Further Expenditures

Study Concludes That Colstrip 1 and 2 Are Financially Unviable; Cautions Against Further Expenditures

In an Era of Low Natural-Gas Prices and Competition From Renewable Energy, Phasing Out Two Coal-Fired Units Is the Best Option for Owners

JUNE 23, 2015 (IEEFA) — An analysis of data on operational costs and energy markets by the Institute for Energy Economics and Financial Analysis questions the financial viability of the two oldest units at the Colstrip coal-fired power plant in eastern Montana. Colstrip Units 1 and 2, which are owned equally by Talen Montana and Puget Sound […]

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity (pdf) By Tom Sanzillo, Director of Finance, IEEFA  

November 19, 2014 Read More →
IEEFA Report: Almost $30 Billion in Revenues Lost to Taxpayers by ‘Great Giveaway’ of Federally Owned Coal in Powder River Basin

IEEFA Report: Almost $30 Billion in Revenues Lost to Taxpayers by ‘Great Giveaway’ of Federally Owned Coal in Powder River Basin

Almost $30 billion in revenues lost to taxpayers by “giveaway” of federally owned coal in Powder River Basin (pdf) With almost no accountability, BLM failure created boom in electric power industry use of artificially cheap coal from Montana and Wyoming; Next major coal sale set for Thursday   WASHINGTON, D.C. – June 25, 2012 – […]

June 25, 2012 Read More →

More News and Commentary

Lighthouse Resources bankruptcy likely the end for proposed Washington coal export terminal

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 […]

January 12, 2021 Read More →

Washington state charts path for 2025 coal-free electricity, 2030 carbon-neutral electricity

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 […]

January 11, 2021 Read More →
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 […]

U.S. coal companies White Stallion and Lighthouse Resources file for bankruptcy

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 […]

December 4, 2020 Read More →
IEEFA U.S.: Bankruptcy of Oakland project marks a bellwether moment for U.S. coal export ambitions
and

IEEFA U.S.: Bankruptcy of Oakland project marks a bellwether moment for U.S. coal export ambitions

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) […]

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 […]

PacifiCorp issues RFP for 4,338MW of new renewable energy, battery storage capacity

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 […]

July 8, 2020 Read More →
and

IEEFA U.S.: Wyoming legislative push for carbon-capture subsidy would cost state ratepayers for years to come

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 […]

and February 21, 2020 Read More →

New York City mayor to push for legislation banning natural gas, fuel oil use in large buildings

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 […]

February 7, 2020 Read More →

Montana’s largest utility to boost stake in Colstrip coal plant

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 […]

December 11, 2019 Read More →