Litigation

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

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 →

Exxon expansion in Guyana challenged by constitutional lawsuit

Grist: Guyanese citizens have filed a constitutional case that pushes back on industry giant ExxonMobil’s plans to boost fossil fuel production off the country’s coast — charging that the expansion violates citizens’ constitutional rights to a healthy environment and the rights of future generations.  The case, filed by University of Guyana scientist Troy Thomas and […]

May 27, 2021 Read More →
and

IEEFA: Ohio cancels permits for controversial Mountaineer storage facility

Powhatan Salt Company was to build mining wells for storing natural gas liquids (NGLs)

September 26, 2020 (IEEFA U.S.) ‒ The Ohio Department of Natural Resources announced it had cancelled permits for the Mountaineer storage project. The permits would have allowed Powhatan Salt Company to build solution mining wells for natural gas liquids (NGL) storage in Monroe County. The storage was intended to support a burgeoning petrochemicals industry in […]

and September 28, 2020 Read More →
IEEFA Energy Finance Conference 2020 roundup: Local leadership, global change

IEEFA Energy Finance Conference 2020 roundup: Local leadership, global change

Business case for renewables-based economic development grows stronger by the day

The transition to renewable energy is frequently advocated on environmental grounds, but the financial case for moving away from fossil fuels is becoming undeniably clear, according to experts speaking during the final week of IEEFA’s 2020 Energy Finance Conference (July 14-30). The annual meeting of international energy, finance and policy experts, which was offered online […]

July 31, 2020 Read More →
IEEFA Puerto Rico: Washington and San Juan hid from the public actual spending on electric power system
and

IEEFA Puerto Rico: Washington and San Juan hid from the public actual spending on electric power system

Careless oversight and unfair award of natural gas contract sent up red flags

Trillions are being spent by Washington during the coronavirus pandemic, and oversight of the money remains a muddle. Even so, the public doesn’t have to wonder what happens when no one is watching — recent dealings in Puerto Rico remind us how favoritism can creep into the process and set up shop. In its first […]

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

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 […]

, 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 update: Korean youth group launches constitutional challenge to climate policies

IEEFA update: Korean youth group launches constitutional challenge to climate policies

Move marks North Asia’s first serious legal test of government climate policies

Legal challenges to critical policy standards in Asia are rare, especially in the area of environmental law. As countries in North Asia struggle with the impact of climate change, new legal strategies are emerging that take aim at the policies and goals that underpin global carbon emission reduction targets. A case just launched by the […]

April 1, 2020 Read More →
IEEFA primer: Cleanup costs supersede most other liabilities in oil and gas bankruptcies
and

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 […]

IEEFA Puerto Rico: Court examiner finds PREPA bond deal fees are out of control

IEEFA Puerto Rico: Court examiner finds PREPA bond deal fees are out of control

Electricity consumers face a minimum of $530 million in fees to outside advisors

The debt restructuring agreement reached between the Puerto Rico Electric Power Authority (PREPA) and its creditors, which is currently pending before a bankruptcy judge, will force utility customers to pay “largely unspecified, apparently unlimited, and wholly unchecked professional fees and expenses.” That is the finding of an independent fee examiner hired by the bankruptcy court […]

November 14, 2019 Read More →