US Coal Markets

IEEFA Research

IEEFA: Review of U.S. coal leasing program misses the point, may slow energy transition

IEEFA submits comments to Bureau of Land Management on coal leasing program

October 1, 2021 (IEEFA) – The United States government should not spend any time reforming the coal leasing process because new coal leases are no longer needed, according to comments submitted to the United States Bureau of Land Management by the Institute for Energy Economics and Financial Analysis. “As the owner of the coal reserves, […]

IEEFA U.S.: Municipal ratepayers face mounting costs from expensive American Municipal Power projects

Gap between costs from Prairie State, Combined Hydro Project and market prices continues to grow

September 9, 2021 (IEEFA)—Newly available data shows American Municipal Power’s (AMP) Prairie State and Combined Hydro Project have caused costs to continue climbing for municipal ratepayers, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).  Data covering January 2020 through July 2021 showed that Cleveland Public Power (CPP) and its […]

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

Investors beware, capacity factor trends and LCOE analysis show gas-fired power plants likely to be stranded assets into the future

24 June 2021 (IEEFA Australia): The Australian government may be relying on inaccurate financial assumptions for its gas-fired recovery as most gas- and coal-fired power plants in Australia, the UK, the U.S. and China are being operated less and less – what’s called a declining capacity factor, finds a new report by the Institute for […]

IEEFA U.S.: Investors hesitate to fund San Juan Generating Station CCS retrofit

IEEFA U.S.: Investors hesitate to fund San Juan Generating Station CCS retrofit

Enchant Energy’s carbon capture project is significantly behind schedule as it struggles to secure investors

May 27, 2021 (IEEFA) – Enchant Energy and the City of Farmington have failed to convince potential investors that retrofitting New Mexico’s San Juan Generating Station for carbon capture is financially viable, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA).  The project, which has yet to secure the funds […]

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

Carbon capture at SaskPower’s Boundary Dam 3 facility falls far short of projections

April 20, 2021 (IEEFA) — An announcement by a Canadian power company that it’s met carbon capture goals shouldn’t be taken at face value, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. SaskPower, the operator of the Boundary Dam 3 coal plant, said March 31 that its […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: Wind surpassed coal as No. 1 fuel source in 2020 for Southwest Power Pool

IEEFA U.S.: Wind surpassed coal as No. 1 fuel source in 2020 for Southwest Power Pool

Wind energy growth due to geography, design factors, and new installations

February 11, 2021 (IEEFA) — Wind surpassed coal as the primary power generation source last year for the Southwest Power Pool (SPP), an independent grid operator that provides electricity for a vast territory stretching from the Texas Panhandle to the Canadian border. An analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) found […]

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.: Colorado electric wholesaler is alienating cost-conscious co-ops with its fossil commitments

IEEFA U.S.: Colorado electric wholesaler is alienating cost-conscious co-ops with its fossil commitments

Tri-State currently plans using coal through 2050 and expanding into gas; projected rate increases of 55% by 2050

Nov. 17, 2020 (IEEFA) — One of the biggest power suppliers to rural electric co-ops in the U.S. is putting its business model at risk as members clamor for better access to renewable energy, more affordable rates, and more say in how they buy or produce power, concludes a report released today by the Institute […]

and November 17, 2020 Read More →
IEEFA update: Peabody Energy flirts with bankruptcy—again

IEEFA update: Peabody Energy flirts with bankruptcy—again

Bear market for coal, new financial pressures push world’s largest coal company towards default

Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]

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EIA: Coal plants to make up 85% of retired U.S. power capacity in 2022

Reuters: Coal-fired plants will account for about 85% of total U.S. power capacity scheduled for retirement this year with natural gas and renewables taking a greater share of the supply, the U.S. Energy Information Administration said on Tuesday. U.S. power plant operators were scheduled to retire about 12.6 gigawatt (GW) of coal-fired generating capacity in […]

January 13, 2022 Read More →
IEEFA U.S.: The coal boom that wasn’t
and

IEEFA U.S.: The coal boom that wasn’t

EIA data confirm long-term decline of fuel’s generation, market share

Preliminary 2021 data from the Energy Information Administration confirm what IEEFA said throughout the year: The long-term-trend in U.S. utility generation continues to move away from fossil fuels, particularly coal, and toward greater renewable energy use. Last year’s coal narrative used the historically low generation totals from 2020 to tout a supposed boom in demand. […]

EPA tells coal-fired plants to quit dumping ash in unlined storage ponds

Associated Press: The Environmental Protection Agency is taking its first major action to address toxic wastewater from coal-burning power plants, ordering utilities to stop dumping waste into unlined storage ponds and speed up plans to close leaking or otherwise dangerous coal ash sites. Plants in four states will have to close the coal ash ponds […]

January 12, 2022 Read More →

New Mexico high court upholds San Juan closure provisions

Associated Press: The state Supreme Court has upheld provisions of an environmental law that provides financial arrangements for an electric utility to abandon investments in a coal-fired power plant in northwestern New Mexico. In a unanimous opinion announced Monday, the court upheld a finance order from state utility regulators that helps end the use of […]

January 11, 2022 Read More →

FlexGen to deploy 10 battery systems for North Carolina cooperatives

Energy Storage News: FlexGen Power Systems will deploy 10 battery energy storage systems (BESS) for electric cooperatives in North Carolina, the energy storage technology provider and systems integrator’s home state.  The systems, adding up to 40MW in total, will each be deployed for a different not-for-profit cooperative group and most will be in rural areas […]

January 10, 2022 Read More →

Operations begin at 1-gigawatt Western Spirit Wind in New Mexico

Investable Universe: On Thursday, Pattern Energy, one of the world’s largest privately owned developers and operators of wind, solar, transmission, and energy storage projects, announced it has successfully completed construction and begun commercial operation on the landmark Western Spirit Wind power projects. Western Spirit Wind is comprised of four wind power facilities totaling more than […]

January 6, 2022 Read More →

Idaho plans to phase out coal-fired power plants by 2028

Associated Press: Idaho Power has submitted a 20-year plan to state regulators that phases out coal-fired power plants by 2028 as part of its effort to provide only clean energy by 2045, the company said Tuesday. Idaho Power in a news release said its 2021 Integrated Resource Plan submitted to the Idaho Public Utilities Commission […]

January 6, 2022 Read More →

U.S. adding 2.25 gigawatts of renewable generation capacity monthly

Renewables Now: According to a review by the SUN DAY Campaign of data recently released by the Federal Energy Regulatory Commission (FERC) and the US Energy Information Administration (EIA), solar, wind and other renewable energy sources (i.e., biomass, geothermal, hydropower) are now adding more than 2,250 MW of new generating capacity each month. For perspective, […]

January 4, 2022 Read More →

New York City approves ban on use of natural gas in new buildings

Reuters: The New York City Council voted on Wednesday to ban the use of natural gas in new buildings, following in the footsteps of dozens of smaller U.S. cities seeking to shift from fossil fuels to cleaner forms of energy. New buildings in the biggest U.S. city with 8.8 million residents will have to use […]

December 16, 2021 Read More →

United Power plans to quit Tri-State, cites resistance to renewables

S&P Capital IQ ($): Rural electric cooperative United Power Inc. notified federal regulators of its intention to withdraw from Colorado-based Tri-State Generation and Transmission Association Inc. at the start of 2024. United Power said it formally notified the Federal Energy Regulatory Commission of its intent (ER21-2818, et al.) after years of unsuccessful negotiations to modify […]

December 16, 2021 Read More →