New York

IEEFA Research

Opportunity Knocks With Closing of Coal-Fired Power Plant in Upstate New York

Potential Makeover of Tonawanda's Economy May Serve as a National Model

When we published our report about the fading financial viability of the aging Huntley Generation Station in early 2014, the facts showed the facility was all but destined to close. It had marginal usefulness for the region it was built to serve, and the financial drain it placed on NRG, the owner, would be borne […]

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Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected

Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected 

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Report: FirstEnergy Seeks a Subsidized Turnaround

FirstEnergy: A Major Utility Seeks a Subsidized Turnaround (pdf) By Tom Sanzillo, Director of Finance and Cathy Kunkel, Fellow Institute for Energy Economics and Financial Analysis

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Report- Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls For Corporate And Community Leadership

Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls For Corporate And Community Leadership (pdf)      

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More News and Commentary

New York Town’s Post-Coal Transition Seen as Model for Colstrip, Montana

Eric Tegethoff for Public News Service Montana: Although the fate of the Environmental Protection Agency’s Clean Power Plan is up in the air now that Donald Trump has been elected president, at least part of Colstrip’s coal-fired power plant is still likely to close by 2022. Peter DeJesus, field coordinator for Western New York Area […]

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On the Blogs: Pipeline Glut in Southeast U.S.

Gillian Neimark for Southeast Energy News: While the shale boom has seen a proliferation of new natural gas pipelines throughout the Southeast, critics say many of the projects are not needed and are simply a way for developers and utilities to reap profits on the backs of ratepayers. The Marcellus shale—which lies beneath much of […]

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New York Pushes Ahead With Its Offshore Wind-Development Roll-Out

Andrew Coffman Smith for SNL: New York has released a blueprint aimed at sparking development of up to 39 GW of offshore wind power along the state’s coastline. Gov. Andrew Cuomo announced the release of the offshore wind strategy on Sept. 15 that defines a study area for potential offshore wind and identifies additional development […]

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IEEFA Update (Corrected): Wind in the Wires, and More on the Way

30 States Have Projects Under Construction or in Advanced Development

Wind power is a rapidly growing source of electricity in the U.S., doubling its share of generation in just five years, to 4.9 percent in 2015. The declining cost of wind power, along with cheap natural gas, has put tremendous financial pressure on both coal-fired and nuclear power plants, and is changing the mix of fuels […]

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Utility Bailouts by Way of Power Plant Re-Regulation Schemes Are Gaining Steam

Kathiann M. Kowalski for Midwest Energy News: Efforts by Ohio utilities to guarantee income for affiliated coal and nuclear operations are part of a broader trend, according to a new report by legal analysts. Starting in 2014, FirstEnergy, American Electric Power (AEP) and other companies sought to impose added fees on all customers of their […]

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On the Blogs: States Are Where The Renewables Revolution Is Taking Root

Chris Brown for the Huffington Post: Some are calling recent clean-energy actions by New York, Massachusetts and Iowa “game-changers.” That might very well prove true in the medium-term. But we can say with confidence that they are immediate game-advancers. Why? Energy markets are affected by policy, but they are driven by price. The underlying business […]

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Offshore Wind ‘on the Verge of Rapid Growth’

Justin Gillis for the New York Times: Offshore wind may be on the verge of rapid growth in the United States. Using a law passed by a Republican-led Congress in 2005 and signed by President George W. Bush, the Obama administration has been clarifying the ground rules and leasing out large patches of the ocean […]

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IEEFA New York: A Case of a Community Dealing Constructively With Its Loss of Coal-Industry Revenues


Where Local and State Leaders Got Ahead of the Curve and Tapped Alternative Revenue to Keep Schools Going, and Where Solar Investment Is Creating New Jobs

Not everything always has to to go from bad to worse. A little money can make a difference. This week’s news that officials in Tonawanda, N.Y., had settled for a very low tax-payment adjustment from owners of the retired Huntley coal plant means an enormous loss in revenues to the city, the town and the […]

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New Property Assessment on Former Power Plant Site in New York Opens Door to State Mitigation Fund

Joseph Popiolkowski for the Buffalo News: After the Huntley Station power plant in the Town of Tonawanda was retired March 1, the looming question was what the new assessment of the River Road property would be. Huntley paid a combined $6 million annually to the town, Kenmore-Town of Tonawanda School District and Erie County under […]

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IEEFA New York: NYC Pension Funds Begin to Craft a Fossil-Fuel Divestment Path Others Can Follow

As the Financial Rationale Grows, a Mechanism for Exercising Fiduciary Responsibility

A certain recent RFP from the New York City comptroller on behalf of the city’s pension funds could be the beginning of something big. It calls for a carbon footprint analysis of the funds’ holdings and advertises an opening for a climate-risk investment-strategy consultant. While the RFP is shrouded in pension-speak, its aim is clear: […]

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