Jim Redden, March 15, 2021 Being a leading producer of any commodity means little if you’re unable to faithfully distribute it to your customers. The state of Texas failed that elementary business principle in spectacular fashion during February’s historic deep freeze. Read more
House E&C Democrats question ERCOT CEO over response to Texas winter storm, outages
Published on March 08, 2021 by Chris Galford Leaders from the House Energy and Commerce Committee (E&C) have written to Electric Reliability Council of Texas (ERCOT) President and CEO Bill Magness seeking answers about the organization’s failures during the recent deadly winter storm. Read more
Georgia Power Issues Sustainability Bond: First for a US Utility
MARCH 1, 2021 BY EMILY HOLBROOK Georgia Power has announced its first sustainability bond, and the first sustainability bond for a domestic utility in the United States. Bond proceeds will be allocated to fund the company’s environmental, renewable, and social initiatives. The 3.25% coupon represents the lowest 30-year coupon for a publicly traded bond ever…
Collapse of the natural gas system from wellhead to turbine fueled Texas’ blackout
Energize Weekly, February 24, 2021 The near collapse of Texas’ electric grid was caused in the main by a failure of the natural gas system from the wellhead to pipeline to gas turbine, according to an analysis by the International Energy Agency (IEA). “Texas has a power shortage because it…
California Utilities Will Buy More Energy, Hike Rates to Avoid Blackouts: CPUC
By Olga R. Rodriguez • Published February 12, 2021 Utilities will be allowed to buy extra energy and pass on the costs to customers in order to avoid a repeat of rolling blackouts that kicked in last summer when demand outpaced supply, California regulators said Thursday. Read more
U.S. energy consumption will take years to rebound from pandemic, EIA says
Energize Weekly, February 10, 2021 It will take years for U.S. energy consumption and carbon dioxide emissions to return to 2019 levels after the severe impact of the COVID-19 pandemic on the country’s economy and the global energy sector, according to the federal Energy Information Administration (EIA). Energy consumption in…
Coal continues its decline in the U.S. and Europe and its rise in Southeast Asia and India
Energize Weekly, December 9, 2020 Coal mining and coal-fired electricity generation in the U.S. and Europe continues to decline, but in Asia, coal-fired demand is projected to increase through 2030 thanks to national policies and Chinese financing. In the U.S., coal mine production capacity fell in 2019 to 590 million…
Voters weigh in on local and state energy issues from renewable energy to oil and gas taxes
Energize Weekly, November 11, 2020 Election returns on state and local energy issues were both literally and figuratively all over the map last week on issues ranging from renewable energy to oil and gas taxes. Voters in Alaska rejected a tax on oil operations while the industry was denied a…
Coronavirus pandemic leads to massive job loss in energy, from oil and gas to renewables
Energize Weekly, June 24, 2020 Energy jobs – from oil and gas rigs to rooftop solar installations – continue to plummet under the weight of low oil prices and the novel coronavirus pandemic. In May, 27,000 additional clean energy workers filed unemployment claims, bringing the total job loss in the…
Tri-State and United Power fighting in court and before state and federal regulators
Energize Weekly, May 13, 2020 A new front was opened last week in the battle between Tri-State Generation and Transmission Association and some of its electric cooperatives, as United Power, its largest member, filed a complaint in a Colorado district court charging subterfuge and breach of contract. Meanwhile on May…
Utilities and state regulators delay rate increases, disconnections to deal with COVID-19
Energize Weekly, May 6, 2020 In the face of the novel coronavirus pandemic, utilities and utility regulators are moving to postpone rate increases and guard against service shutdowns for customers as most states continue to impose stay-at-home orders for their residents. The moves are also creating some financial risk and…
Electricity demand drops as utilities enact plans to keep lights on during the pandemic
Energize Weekly, April 1, 2020 The closing of businesses and sheltering-in-place of millions of citizens to tamp down the novel coronavirus pandemic is dampening demand for electricity, even as utilities across the country put in place emergency plans to keep electrons flowing through the grid. Between March 14 and March…
Xcel Energy proposes TOU rates for all Colorado residential customers
Energize Weekly, March 4, 2020 Time-of-use electricity rates are increasingly being seen as a valuable tool in reducing peak demand and managing renewable energy generation – but concerns are being voiced over their impact on low-income and elderly customers. Xcel Energy is seeking to shift all of its 1.2 million…
Corporate clean energy purchases soared in 2019 to a record 19.5 GW, Bloomberg says
Energize Weekly, February 5, 2020 Corporations purchased a record 19.5 gigawatts (GW) of clean energy contracts in 2019, a 40 percent increase over 2019, according to Bloomberg New Energy Finance (BNEF). Contracts, primarily power purchase agreements (PPAs), were signed by more than 100 companies in 23 different countries, marking a…
Climate change threatens profitability of investor-owned utilities, Moody’s says
Energize Weekly, January 29, 2020 From heat to humidity to severe storms investor-owned utilities across the U.S. will face particular regional climate change hazards, according to an analysis by Moody’s Investors Services. A utility in the Southeast, such as Duke Energy, could face risk from heavier storms, floods and storm…
IEA forecasts stable global coal demand despite sharp drops in the U.S. and Europe
Energize Weekly, January 8, 2020 Global coal demand in 2019 dropped, driven by coal-fired plant retirements in Europe and the U.S., but should be stable over the next five years due to growth in China and Asia, according to the International Energy Agency (IEA). The outlook for coal in the…
Clean energy investment in the developing world dropped in 2018, led by China downturn
Energize Weekly, December 4, 2019 Clean energy investment in developing countries dropped by more than 20 percent in 2018 to $133 billion, while coal-fired generation surged, according to a Bloomberg New Energy Finance (BNEF) survey. “Both suggest that despite considerable recent progress, developing countries’ power sector CO2 emissions are rising…
Bonds and credit instruments for green and sustainable projects reach $1 trillion in 2019
Energize Weekly, November 27, 2019 Debt instruments fostering sustainable projects and development reached $1 trillion in 2019 – with more than 30 percent of those loans coming this year, according to Bloomberg New Energy Finance (BNEF). “Reaching the trillion dollar milestone is a key moment for the sustainable debt market…
Two of Tri-State’s biggest co-ops file complaints with the Colorado PUC seeking to leave
Energize Weekly, November 13, 2019 Tri-State Generation and Transmission Association continues to face pressure from some of its members as two of its largest electric cooperatives last week filed complaints with the Colorado Public Utilities Commission (CPUC) seeking reasonable exit fees from the association. Brighton, Colo.-based United Power, the largest…
Five states with open electricity retail markets now have financial aid programs for nuclear plants
Energize Weekly, October 16, 2019 Five states have now moved to provide financial aid to their economically challenged nuclear power plants, according to a federal Energy Information Administration (EIA) report. In July, Ohio joined Connecticut, New York, New Jersey and Illinois in offering financial relief or other assistance to their…
EIA forecasts a 50 percent increase in energy demand by 2050 driven by Asian economies
Energize Weekly, October 2, 2019 World energy consumption is projected to grow by 50 percent by 2050, with most of that demand coming from growing Asian economies, according to the federal Energy Information Administration’s (EIA) International Energy Outlook. “Energy consumption was greater in Asia than in any other region in…
Tri-State adds new member, natural gas broker MIECO, in bid to qualify for FERC regulation
Energize Weekly, September 11, 2019 Tri-State Generation and Transmission Association has added energy services company MIECO Inc. as its first non-rural electric cooperative member, clearing the way for the association to be regulated by the Federal Energy Regulatory Commission (FERC). In July, Tri-State, which serves 43 electric cooperatives in four…
U.S. electricity prices up slightly in the past 12 months spurred by sharp regional differences
Energize Weekly, September 4, 2019 Average electricity prices in the U.S. edged up three-tenths of a percent in the most recent 12-month rolling period, which ended in May 2019, compared to the previous 12-month span, according to the federal Energy Information Administration (EIA). There were, however, sharp regional and state…
Colorado PUC moves to block Tri-State plan to move from state to FERC regulation
Energize Weekly, August 21, 2019 The Colorado Public Utilities Commission (PUC) has filed an unprecedented protest with federal regulators seeking to block the bid by Tri-State Generation and Transmission Association to move from state to federal rate regulation. Tri-State, which wants to shift rate regulation to the Federal Energy Regulatory…
Nearly half of U.S. utilities filed rate cases in 2018, most of them seeking rate increases
Energize Weekly, July 31, 2019 Almost half of the major U.S. electric utilities filed rate cases with state regulators in 2018 – the highest number since 1983 – with nearly 90 percent seeking rate increases, according to the federal Energy Information Administration (EIA). The rate increase requests were driven mainly…
Tri-State reaches exit deal with Colo. co-op, seeks FERC regulation on rates and contracts
Energize Weekly, July 31, 2019 After more than two years of sometimes acrimonious negotiations, fights before a state utilities commission and lawsuits, the Tri-State Generation and Transmission Association has agreed to terms allowing one of its rural Colorado cooperatives to leave next year. Four days after filing the agreement with…
Colorado co-op sues to block Tri-State’s move to FERC regulation, state lawmakers also concerned
Energize Weekly, July 10, 2019 Tri-State Generation and Transmission Association is going ahead with its deliberations on moving from state to federal regulatory oversight even as one of its rural Colorado electric cooperatives has gone to court to block the action. Tri-State’s decision to seek regulation by the Federal Energy…
Texas, California and U.S. West may face electricity reliability challenges this summer
Energize Weekly, June 26, 2019 There is adequate generating reverse to meet summer electricity demands in most of the U.S., while Texas, California and the West may face challenges, according to the North American Reliability Corp. (NERC) 2019 summer assessment. NERC, a nonprofit corporation overseeing regional electricity reliability in the…
Global energy investment, after a three-year slide, stabilized in 2018, the IEA says
Energize Weekly, May 29, 2019 After a three-year slide, global energy investment stabilized in 2018 at just more than $1.8 trillion dollars—as spending on oil, natural gas and coal increased, the International Energy Agency (IEA) said. Investments in renewable generation and energy efficiency, however, stalled in 2018, according to the…
Electricity demand to be down this summer, coal’s share expected to drop, EIA says
Energize Weekly, May 15, 2019 Summer electricity generation in 2019 is forecast to be down 2 percent from last summer to 1,168 million megawatt-hours (MWh) with a sharp drop in how much of that power is provided by coal-fired plants. The energy mix for the summer highlights the ongoing shift…
Climate-driven weather events pose a risk to municipal bonds, commercial real estate and utilities, BlackRock says
Energize Weekly, April 24, 2019 Among the economic threats posed by climate change are risks to municipal bonds, commercial real estate investments and the utility sector, according to an analysis by BlackRock and the Rhodium Group. “Our work with Rhodium Group shows a rising share of U.S. metropolitan statistical areas (MSAs) will…
Majority of nation’s coal plants are undercut on costs by wind and solar, study says
Energize Weekly, April 3, 2019 Nearly three-quarters of the nation’s coal-fired electric generation could be matched or undercut on cost by local wind and solar installations, according to analysis by Energy Innovation and Vibrant Clean Energy. The report projects that the portion of the coal-fired fleet economically challenged by renewable…
Facing costly coal plant closures more states are looking to using securitized bonds
Energize Weekly, March 20, 2019 Faced with a growing number of coal plant closures, some states are looking at the use of securitized bonds to soften the financial impact. New Mexico and Colorado already have legislation to create such bonds. “Securitized bonds are a way to avoid a rate shock…
Utility and power sector investments reach a record $180 billion in first half of 2018
Energize Weekly, September 12, 2018 Utility and power sector deals globally hit a record $180 billion in the first half of 2018, spurred by industry consolidation and renewable energy investments, according to a report by Ernst & Young (EY). The accounting and consulting firm’s second quarter “Power Transactions and Trends”…
Community banks and credit unions are playing a large role in residential solar financing
Energize Weekly, August 8, 2018 Community banks and regional financial institutions are becoming a bigger force in the financing of residential and small commercial solar installations, according to a study by the National Renewable Energy Laboratory (NREL). These community banks and credit unions represent a new source of capital for…
Blockchain could help manage rooftop solar, electric vehicle and energy trades, study says
Energize Weekly, July 25, 2018 Blockchain—the decentralized digital ledger most often linked to cryptocurrencies—could have a major impact in managing rooftop solar, electric vehicle charging and energy trading, according to an analysis by the Energy Futures Initiative (EFI). The EFI study estimates there has already been $100 million to $300…
Global energy investment dropped in 2017 and isn’t keeping pace with needs, IEA says
Energize Weekly, July 25, 2018 Global energy investment dropped 2 percent in 2017 to $1.8 trillion in 2017—a sign it is “failing to keep up with energy security and sustainability goals,” according to the International Energy Agency (IEA). It was the third consecutive year of declines in global investment with…
World’s biggest reinsurer will no longer deal with companies with high exposure to coal
Energize Weekly, July 11, 2018 Swiss Re, the world’s largest reinsurer, said that it will no longer provide services to companies with a more than 30 percent exposure to thermal coal. The thermal coal policy applies to existing and new thermal coal mines and power plants, and will be implemented…
Moody’s downgrades U.S. regulated utility sector as cash flow is reduced by tax cuts
Energize Weekly, June 27, 2018 Moody’s Investors Service has downgraded the U.S. regulated utility sector to negative from stable due to lower cash flows and the highest debt leverage since 2008 as a result of changes to the federal tax laws. While steps are being taken by some regulators and…
Nuclear needs financial support to survive, and some states are already heeding the call
Energize Weekly, May 16, 2018 Nuclear power plants under pressure from market forces are facing closures, but states with high concentrations of nuclear power are stepping in to bolster these generators, and there may be additional policy initiatives that can be taken, according to new studies. “Nuclear power is responsible…
Utilities need to adapt to a changing market with new business approaches, RMI study says
Energize Weekly, January 31, 2018 A rapidly shifting, yet slow-growing electricity market is forcing utility executives and state regulators to redefine the role of utilities—from expanding their monopoly positions to becoming open platforms for competition, according to a study by the Rocky Mountain Institute (RMI). The question, the study by…
FERC asked by officials in 18 states to ensure that utility tax savings go to customers
Energize Weekly, January 17, 2018 Consumer advocates and attorneys general from 18 states are calling for federal energy regulators to ensure that hundreds of millions of dollars in tax savings utilities are likely to gain from the new federal tax law are passed on to consumers. In letter to the…
California to go it alone on electric reliability, but may try to lure other Western states to join it
Energize Weekly, January 10, 2018 In a move further fragmenting the Western power sector, the California grid operator last week announced it would become its own reliability coordinator, leaving the 14-state regional system. The move was prompted by the prospect of seven utilities and transmission operators in the Rocky Mountain…
Regulators eye customer rate cuts as utilities get a revenue boost from new federal tax law
Energize Weekly, January 10, 2018 The federal tax overhaul may provide a windfall in tax cuts and write-offs for utilities. Now, utility commissions and state officials around the country are looking to see if some of that money ought to flow back to customers. On Jan. 4, Oklahoma Corporation Commission administrative…
2017 saw upending events in the utility sector as long-term trends showed staying power
Energize Weekly, January 3, 2018 The utility industry faced a tumultuous 2017 with big policy initiatives from Washington and strong underlying trends continuing to challenge the sector. Many of the year’s big stories came from the Trump administration, but markets and corporate decisions also played a big role in defining…
