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IEEFA Research

IEEFA U.S.: Shortage of high-quality sites threatens future Bakken oil and gas production

IEEFA U.S.: Shortage of high-quality sites threatens future Bakken oil and gas production

Decline in top-tier wells forces shift to less-productive Bakken oil and gas regions

November 3, 2021 (IEEFA) — A shortage of high-quality drilling sites poses a long-term risk to oil production in the Bakken formation, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). Since the Bakken boom began 13 years ago, producers have focused on core areas where horizontal wells provide easier […]

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

U.S. Energy Department launches national hydrogen projects database

S&P Global Platts ($): After delays, the US Department of Energy has launched its first step towards creating a national database of hydrogen projects designed to help hydrogen companies attract federal dollars from within the infrastructure bill. Originally announced in December, the H2 Matchmaker was designed by the DOE’s Hydrogen and Fuel Cell Technology Office […]

January 25, 2022 Read More →

Sale of largest North Dakota coal-fired plant raises new challenges

Inside Climate News: A plan to sell, rather than close, the largest coal-fired power plant in North Dakota is nearly final. The completion of the sale would allow the buyer to move on to the much greater challenge of making the plant financially viable and installing a carbon capture system. Great River Energy of Minnesota […]

January 18, 2022 Read More →

White House OKs wind project off coasts of New York, Rhode Island

Associated Press: The Biden administration approved an offshore wind farm off the coasts of Rhode Island and New York on Wednesday as part of a plan to deploy 30 gigawatts of offshore wind energy by 2030. The U.S. Department of the Interior announced it approved the construction and operations of the South Fork Wind project, […]

November 29, 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 →

Boston becomes latest U.S. city to divest from fossil fuel industry

Boston Globe: Mayor Michelle Wu of Boston signed a measure to divest city funds from the fossil fuel industry on Monday, adding Boston to the small number of major US cities that have taken the step to combat the climate crisis. After running on a Green New Deal for Boston — and advocating for divestment […]

November 23, 2021 Read More →
IEEFA U.S.: Shortage of high-quality sites threatens future Bakken oil and gas production
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IEEFA U.S.: Shortage of high-quality sites threatens future Bakken oil and gas production

Decline in top-tier wells forces shift to less-productive Bakken oil and gas regions

November 3, 2021 (IEEFA) — A shortage of high-quality drilling sites poses a long-term risk to oil production in the Bakken formation, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). Since the Bakken boom began 13 years ago, producers have focused on core areas where horizontal wells provide easier […]

IEEFA: Canada ban on shipping coal would equal scrapping as many as 3 million cars

IEEFA: Canada ban on shipping coal would equal scrapping as many as 3 million cars

Change in Canadian policy could have major implications for U.S. coal market

The border between the United States and Canada is currently open for vaccinated travelers—but it may soon be closed to trainloads of American coal that pass through Canadian export terminals on their way to overseas markets. In a late August announcement that drew little attention outside Canada, the governing Liberal Party pledged to ban all […]

Northwest Power Plan pivots to renewables, worrying Montana utilities

Associated Press: The latest roadmap for the region’s energy future is big on renewables and confident that coal-fired power plant retirements won’t lead to blackouts. Both assumptions had Montana utilities concerned this week. The Northwest Power Plan is probably most often cited in Montana for its blackout forecasts, which in the past had suggested that […]

October 4, 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 →

Washington county becomes first in US to ban new fossil fuel projects

The Guardian: A county in Washington state has become the first such jurisdiction in the US to ban new fossil fuel infrastructure, following a lengthy battle over the impact of oil refineries on the local community. In a vote on Tuesday night, Whatcom county’s council unanimously passed a measure that bans the construction of new […]

July 29, 2021 Read More →