Utility trends

IEEFA Research

IEEFA U.S.: Municipal ratepayers face mounting costs from costly 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: Zero to 60% in 14 years – South Australia’s success in transitioning to renewables

IEEFA: Zero to 60% in 14 years – South Australia’s success in transitioning to renewables

Seven important lessons for energy planners around the globe in transitioning grids from fossil fuels to renewables

3 June 2021 (IEEFA Australia): South Australia offers vital lessons for other jurisdictions transitioning from a fossil fuel-based electricity grid to a low emissions, high renewables grid, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). “The proportion of South Australia’s electricity demand met by large scale and small scale variable […]

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: Consultants poised to make more than $1 billion from bankrupt Puerto Rico utility

IEEFA: Consultants poised to make more than $1 billion from bankrupt Puerto Rico utility

Huge consulting fees highlight systemic problems with reform of island utility

April 29, 2021 (IEEFA) ⎼ The transformation and financial restructuring of Puerto Rico’s bankrupt electric power authority have generated more than $440 million in consulting contracts during the last seven years and could cost island residents more than $1 billion before completion, according to a study released today by the Institute for Energy Economics and […]

IEEFA: Consultores listos para ganar más de $1,000 millones de la corporación de servicios públicos de Puerto Rico en bancarrota

Las enormes comisiones de consultoría ponen de relieve los problemas sistémicos con la reforma de la utilidad de la isla

29 de abril de 2021 (IEEFA) – La transformación y reestructuración financiera de la Autoridad de Energía Eléctrica de Puerto Rico en bancarrota ha generado más de $440 millones en contratos de consultoría durante los últimos siete años y podría costar a los residentes de la isla más de $1,000 millones antes de su finalización, […]

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.: Testimony shines light on additional problems with Puerto Rico LUMA deal

Grid privatization contract suffers host of issues likely to result in higher prices for islanders

April 6, 2021 (IEEFA) ⎼ New research has revealed major problems in the procurement process that resulted in the selection of LUMA Energy to operate Puerto Rico’s electrical grid, according to testimony given today to a Puerto Rico House of Representatives committee. Tom Sanzillo, director of financial analysis at the Institute for Energy Economics and […]

IEEFA EE. UU.: Testimonio arroja luz sobre problemas adicionales con acuerdo de LUMA de Puerto Rico

El contrato de privatización de la red sufre una serie de problemas que probablemente resultarán en precios más altos para los isleños

6 de abril de 2021 (IEEFA) — Una nueva investigación ha revelado problemas importantes en el proceso de contratación pública que resultó en la selección de LUMA Energy para operar la red eléctrica de Puerto Rico, según testimonios entregados hoy a una comisión de la Cámara de Representantes de Puerto Rico. Tom Sanzillo, director de […]

April 6, 2021 Read More →
IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

Integrated resource plans for Duke give short shrift to offshore wind, solar and battery storage

April 5, 2021 (IEEFA) ⎼ A pair of long-range plans for Carolina utilities owned by Duke Energy are all but ignoring potential savings from renewable energy sources over the next decade, according to a report by the Institute for Energy Economics and Financial Analysis. The IEEFA report is the fourth in a series examining the […]

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 […]

More News and Commentary

Illinois Legislature mulls Byron bailout, renewables-friendly measure

E&E News ($): A yearslong drama over the future of Illinois’ energy mix and climate policy may be entering the final act, if not the final scene. Chicago-based Exelon Corp. has set Monday as the day it pulls the plug on the Byron nuclear plant in northern Illinois — one of the nation’s largest — […]

September 7, 2021 Read More →

New U.S. solar capacity additions dip slightly but demand still strong

S&P Capital IQ ($): Solar power capacity additions in the second quarter of 2021 dipped compared to the year-ago period as developers encountered supply-side headwinds. However, demand remained strong, with a robust pipeline of projects totaling 17,428 MW under construction. Developers put into service 1,968 MW of utility-scale solar power capacity from April to June, […]

September 7, 2021 Read More →

Study: Balkans coal-fired plants responsible for thousands of deaths

Bloomberg Green ($): Pollution from coal-fired power stations on the European Union’s southeastern border are estimated to have caused thousands of deaths in the region due to breaches of legally-binding limits on harmful emissions. The 18 coal plants operating in Serbia, Kosovo, Bosnia and Herzegovina, North Macedonia and Montenegro were responsible for 19,000 deaths over […]

September 7, 2021 Read More →

Los Angeles speeds up net-zero transition plans by a decade to 2035

Utility Dive: The Los Angeles City Council voted Wednesday to transition to 100% clean energy by 2035, in line with President Biden’s national goals and a decade earlier than the city originally planned.  The LA100 plan would see the city replace its natural gas electricity generation with wind, solar and battery storage, while also improving […]

September 3, 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 →

Duke revises South Carolina plans to emphasize more natural gas

Utility Dive: Duke Energy is eyeing an early retirement of its coal-fired plants by the end of the decade, according to the revised integrated resource plans (IRP) filed with South Carolina regulators Friday for its subsidiaries, Duke Energy Progress and Duke Energy Carolinas. Duke’s revised IRPs also call for adding 3,000 MW of solar energy […]

September 3, 2021 Read More →

Global renewables leader Costa Rica mulls expansion of offshore wind

offshoreWIND.biz: The Global Wind Energy Council (GWEC), the Vice-ministry of Energy and Environmental Quality (MINAE) of Ministry of Environment, and Energy and Costa Rican Electricity Institute (ICE) have kicked-off a joint initiative to build knowledge about the local benefits of offshore wind and explore pathways for its future development and growth in Costa Rica. The […]

September 2, 2021 Read More →

Eskom CEO: South Africa coal use poses ‘another era of isolation’

Reuters: South Africa faces “another era of isolation” if it persists with coal power generation, the chief executive of state-owned utility Eskom said, arguing a pivot to cleaner energy would boost the competitiveness of the country’s exports. Chief Executive Andre de Ruyter made the comments in Eskom’s annual report for the year ended March 2021, […]

September 2, 2021 Read More →

Australia considers legislation to allow offshore wind farms

Renew Economy: Australia may soon be host to a new source of renewable energy after long awaited legislation that will enable offshore wind projects to be built in commonwealth waters was finally tabled in parliament on Thursday by federal energy minister Angus Taylor. Offshore wind has stunned many in the industry for its ability to […]

September 2, 2021 Read More →

DNV: Fossil fuels to still make up half of energy mix by 2050

Upstream Online: Fossil fuels are not going anywhere fast and will account for half of the primary energy mix in 2050, according to DNV’s Energy Transition Outlook 2021, published on Wednesday. Natural gas will maintain its current position with around 25% of the total, although oil demand is forecast to halve, while coal will decrease […]

September 1, 2021 Read More →