$90 billion in stranded costs possible from coal plant closures: Securitizations spur ratepayer protection debate

Securitization allows utilities to offer long-term bonds to investors to pay off short-term debt. Securitization can ease impacts of stranded asset costs and extreme weather losses, but bankers and regulators agree that customer costs need oversight. Herman K. Trabish Feb. 22, 2021, Utility Dive Securitization is a financial tool that can reduce utility debt with low interest bonds secured by ratepayers, and …

More than half of the country’s coal fleet can be retired and replaced with renewables without compromising reliability reserve margins

March 2021, RMI in PV Magazine New reports from RMI offer ways to rapidly decarbonize the U.S. power system while also maintaining reliability. The first report, Cutting Carbon While Keeping the Lights On, said that more than half of the country’s coal fleet can be retired and replaced with renewables without compromising reliability reserve margins. RMI, formerly Rocky Mountain Institute, found that 27% …

Coal supply issue – news

Closures, more volume declines hitting Powder River Basin coal region in U.S., S&P Global Market Intelligence, February 9, 2021. Production in the country’s largest coal-producing basin fell 22 percent in 2020, and two of the region’s largest producers indicate that 2021 may not be much better. Judge orders US officials to weigh coal mine’s climate costs, AP News, February 4, …

Mississippi regulators force Mississippi Power to close unneeded coal and gas plants

By Daniel Tait | February 23, 2021 | Tags: Georgia Power, Mississippi Public Service Commission, Plant Daniel, Plant Greene, Plant Watson | URL: https://wp.me/p7hDYu-4Xa Mississippi regulators force Mississippi Power to close unneeded coal and gas plants Mississippi regulators are forcing Mississippi Power to shutter as many as 950 megawatts of uneconomic and unneeded legacy coal and gas plants by the end …

Hail, America’s most under-rated climate risk has expanded footprint across the country + ‘staggering increase in heat deaths’. Fossil fuel and coal downturn

Hail! It’s America’s most underrated climate risk, Atlantic, February 9, 2021. (See bottom of this post) Wisconsin researchers in a new study find that over the last 40 years hail has expanded its footprint across the country and has become more frequent in the so-called Hail Alley stretching from Wyoming to Texas. Study: Warmer weather will increase flooding in the Columbia River Basin this …

Avoid False Solutions! Stanford Study Says Renewable Power Eliminates Argument for Using CCS with Fossil Fuels

Stanford Study Says Renewable Power Eliminates Argument for Using Carbon Capture with Fossil Fuels, by Justin Mikulka, DeSmog Blog, Nov 21, 2019. + New research from Stanford University professor Mark Z. Jacobson questions the climate and health benefits of carbon capture technology against simply switching to renewable energy sources like wind and solar. Carbon capture technology is premised on two possible approaches …

Coal capacity factors have been falling – below 30% last spring. Coal continues to operate because regulatory systems are protecting operators over consumers, all breathing air

Coal capacity factors have been falling – below 30 percent last spring, which is astonishingly low. Why are they not closing even faster than they are? Many of the remaining coal plants are able to keep operating because they are in states or regions with regulatory systems that force consumers to cover the costs. For utilities in those states, it …

Grid map requirements to ease solar integration

California regulators modify grid map requirements to ease solar integration By David Wagman on Feb 1 2021 The California Public Utilities Commission ordered several key improvements to the Integration Capacity Analysis, a grid transparency tool. The motion requesting the changes that the CPUC responded to was filed last October by the Interstate Renewable Energy Council, the California Solar & Storage …