IEEFA Research

IEEFA Puerto Rico: Utility PREPA gave unfair advantage to NFE in awarding $1.5-billion power plant contract

IEEFA Puerto Rico: Utility PREPA gave unfair advantage to NFE in awarding $1.5-billion power plant contract

Actions circumvented rules, outside investigation urgently needed

June 10, 2020 (IEEFA) — A lucrative contract to deliver natural gas to a Puerto Rico power generation plant was awarded through a process plagued by irregularities that provided unfair advantages to a company with limited experience on the island, according to a report co-authored by Tom Sanzillo of the Institute for Energy Economics and […]

IEEFA Puerto Rico: la AEE le brindó una ventaja injusta a NFE al adjudicar un contrato de generación de energía por $1,500 millones

Las acciones burlaron la reglamentación por lo que urge una investigación externa

10 de junio de 2020 (IEEFA) – Un informe publicado por Tom Sanzillo del Instituto de Economía Energética y Análisis Financiero (IEEFA, por sus siglas en inglés) e Ingrid Vila Biaggi de CAMBIO señala que la Autoridad de Energía Eléctrica (AEE) adjudicó un contrato lucrativo para conversión y entrega de gas natural a una planta […]

IEEFA primer: Cleanup costs supersede most other liabilities in oil and gas bankruptcies

IEEFA primer: Cleanup costs supersede most other liabilities in oil and gas bankruptcies

Companies must meet remediation duties, owners and stockholders get paid last

December 5, 2019 (IEEFA U.S.) – The Institute for Energy Economics and Financial Analysis (IEEFA) published a “primer” today – a background guide explaining what the cleanup obligations are in cases of bankruptcy by oil and gas companies. Called Cleaned Out by Bankruptcy: A Primer on Environmental Cleanup Duties, the brief notes the increasing numbers […]

More News and Commentary

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 →

FERC plans harder look at environmental impact of pipeline projects

S&P Capital IQ ($): Five more interstate natural gas transportation and storage projects will receive environmental impact statements from the Federal Energy Regulatory Commission, another sign the commission is turning toward the more extensive environmental reviews as it sorts out how to assess climate impacts. The unfolding approach could mean a longer review timeline for […]

September 1, 2021 Read More →

German court ruling threatens future of 15-month-old coal plant

S&P Capital IQ ($): A court in Germany has ruled the planning permission for the country’s newest coal plant void, placing the 15-month-old station’s future in jeopardy just as Germany is mulling a faster coal exit. North Rhine-Westphalia’s Higher Administrative Court said in an Aug. 26 ruling that local officials responsible for siting the 1.1-GW, […]

August 27, 2021 Read More →

Santos sued by shareholders over fossil expansion despite claims

The Guardian: A shareholder activist group is taking Australian oil company Santos to court over its claims it produces “clean fuel” and plans to reach net zero emissions by 2040. Papers were filed against Santos – Australia’s second largest independent oil company – on Thursday by the Environmental Defenders Officers acting on behalf of the […]

August 26, 2021 Read More →

Appeals court ruling raises viability issues for Missouri coal-fired plant

St. Louis Post-Dispatch: A federal appeals court on Friday upheld a judge’s 2019 ruling that ordered Ameren Missouri to install pollution controls at its Rush Island power plant south of Festus, a decision likely to force the St. Louis-based electric utility to rethink its long-term plans or spend hundreds of millions retrofitting a 1970s-era coal […]

August 26, 2021 Read More →

Appeals court orders FERC to reconsider ruling on Texas LNG projects

S&P Global Platts ($): The US Court of Appeals for the District of Columbia Circuit has found fault with the Federal Energy Regulatory Commission’s climate and environmental justice reviews for the Rio Grande LNG and Texas LNG projects, planned in the Brownsville, Texas, area, and has remanded to FERC the orders authorizing the projects. The […]

August 4, 2021 Read More →

New Jersey scraps local control of transmission line placement

E&E News ($): New Jersey Gov. Phil Murphy signed a law yesterday stripping local communities of authority over placement of transmission lines, removing a chief obstacle for offshore wind in the state. The move, while focused on just one state, highlights national tensions cropping up over a planned acceleration of renewable energy projects that some […]

July 27, 2021 Read More →

Avangrid-NextEra squabble threatens Massachusetts climate goals

MassLive: The dispute is over a 145-mile transmission line, which would cost nearly $1 billion and is being financed by Massachusetts electric ratepayers, which would eventually bring hydropower from Canada to Massachusetts. The two energy companies, NextEra Energy and Avangrid rival complaints are risking the state’s ability to comply with its new climate law signed […]

July 23, 2021 Read More →