Press Releases

IEEFA Report: Dakota Access Pipeline Driven by ‘High-Risk Financing’ in Overbuilt Region; Little-Known Economic Weaknesses in Controversial Project

Developer, Facing Likelihood of Missing Deadline, May Be Required to Renegotiate Contracts; Depressed Global Oil Prices Stand to Render New Capacity ‘Superfluous’

CLEVELAND, Nov. 16, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report noting weaknesses in the financing behind the Dakota Access Pipeline and questions  around the long-term usefulness of the project. The report—“The High-Risk Financing Behind the Dakota Access Pipeline: A Potential Stranded Asset in the Bakken Region of […]

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IEEFA Year in Review 2016

2016 Has Been a Year of Rapid Change and Gathering Momentum in Global Energy Markets

The global transition to renewables is accelerating The pace of change is happening faster than most predicted Those being left behind are facing increasing financial risks Nov. 4, 2016—Ahead of the opening of COP22 in Morocco, the Institute for Energy Economics and Financial Analysis (IEEFA) published a report today documenting key trends and milestones in […]

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IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

Potentially Irreversible Slide; Falling Revenues, Rising Debt, Shrinking Capex, Weak Cash Balances Add to Growing Reputational Risk Tied to Climate-Change Controversy; ; Institutional Investors Owe Their Shareholders a Fiduciary Review

CLEVELAND, Oct. 26, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that indicates deep financial weaknesses at ExxonMobil (XOM) and suggests the company is in potentially irreversible decline. The report—“Red Flags on ExxonMobil (XOM)”—by IEEFA Director of Finance Tom Sanzillo, cites key metrics that include a 45 […]

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IEEFA Welcomes New Energy Finance Analysts Focusing on Crucial Markets in Asia-Pacific

CLEVELAND, Sept. 30, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today announced the appointment of several new energy data analysts. The appointments expand IEEFA’s coverage of global electricity markets and sharpen the institute’s focus on fast-changing Asian-Pacific electricity markets. Joining the IEEFA team: Yulanda Chung, the former head of Standard Chartered’s […]

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Carmichael Project: Downsized & Delayed Yet Again, and Still Unbankable

Thursday 22 September 2016: According to reports in today’s Australian Financial Review (AFR), the Carmichael coal proposal has been downsized again to 25 million tonnes per annum (Mtpa), and the investment decision deferred yet again till the end of 2017. “Despite being downsized and delayed once again, even at a much reduced US$4bn, the Carmichael […]

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IEEFA Report Outlines ‘Foundation-Based Framework’ for Phasing Out Germany’s Lausitz-Area Lignite Industry

Study Shows How New Czech Owners of Vattenfall Assets Can Afford to Foot Bill for Closure and Cleanup;  Timeline Helps Local Communities Prepare for Transition

LONDON, Sept. 22, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today showing how Germany can close a Lausitz-area lignite complex in a fashion that assures the owners will pay for clean-up costs and that allows affected mining and power-plant communities to weather the transition. European Union regulators […]

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IEEFA Report: ‘Beginning of the End’ of Texas Coal-Fired Electricity Industry; Rising Competition From Wind and Solar


Imminent Retirement Seen for Key Units Owned by Dynegy. Luminant and Others; ‘Fundamental Transformations’ at Work Across Grid Operated by ERCOT; ‘Other Texas Utilities Should Follow Their Lead to Reduce Costs, Clear the Air and Create Jobs’ 


CLEVELAND, Sept. 12, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a research report describing how the coal-fired electricity industry in Texas is in decline and unlikely to recover in the face of rising competition from other energy sources. The report—“The Beginning of the End: Fundamental Changes in Energy Markets […]

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IEEFA Report: FirstEnergy Strategy of Re-Regulating Plants in West Virginia a ‘Boon’ to Company and a ‘Burden’ to Ratepayers


Proposal for Pleasants Power Station Modeled on Harrison Deal That Has Cost Mon Power and Potomac Edison Ratepayers Over $160 Million; Designed to Shift Risk From Shareholders

CLEVELAND, Sept. 8, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report examining how ratepayers will bear the risk of a proposal by Ohio-based FirstEnergy to re-regulate the Pleasants Power Station. The report—“Re-Regulating Coal Plants in West Virginia: A Boon to FirstEnergy, a Burden to Ratepayers”—notes that FirstEnergy’s proposal […]

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IEEFA Sees Another Round of Bankruptcy in Peabody’s Plan to Emerge From Bankruptcy

‘Overly optimistic’ on Financial Projections, Production Outlook, and Cost-Control Results; Lacking a Sound Assessment of Self-Bonding Costs; Overblown Numbers on Mineable Reserves

CLEVELAND, Sept. 7, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a memorandum explaining how Peabody Energy’s plan to emerge from bankruptcy will probably result in a second bankruptcy. The memo (“Peabody Energy’s Five-Year Plan to Emerge From Bankruptcy Is Not Credible”), says the company’s reorganization strategy ignores core market […]

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Puerto Rican Business Groups File Legal Challenge to Hike In Electric Rates Forced by PREPA Restructuring Deal

Widespread Opposition to “An Unnecessary and Direct Hit to Puerto Rico’s Already Struggling Economy”; Warning: “No-Limit” Rate Scheme Could “Unravel” Debt Restructuring Plan.

(SAN JUAN) — August 18, 2016 – Audio link to press conference  A group of nine leading Puerto Rico industry and business associations are joining in an unprecedented legal challenge to a Puerto Rico Energy Commission (PREC) move to impose the first in a series of unlimited, “blank check” rate increases under the controversial debt-restructuring agreement […]

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