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IEEFA Exxon: The Problems Are More Than Cyclical

All Signs Point to Low Oil Prices Going Forward

Some stock analysts say the problems afflicting ExxonMobil are cyclical, which would mean that a spike or increase in oil prices are on the horizon and that the company will move back into the black across the board when that happens.  But the fact is that a rebound in oil prices is unlikely. Independent assessments—from […]

November 9, 2016 Read More →

IEEFA Update: FirstEnergy, on Thin Ice, Walks Away From a Half Million Ohio Households in Hopes of Saving Itself

A Break with the Northeast Ohio Public Energy Council Is the Latest Sign, Among Many, That a Poorly Run Utility Is on the Ropes

FirstEnergy’s financial tailspin took a spectacular turn late last month when the company abruptly cancelled the three remaining years of a nine-year contract to supply electricity to the Northeast Ohio Public Energy Council (NOPEC), a group that provides power to 500,000 customers. What’s happening here in Ohio, in brief, is that FirstEnergy’s bad business decisions […]

November 8, 2016 Read More →

IEEFA Puerto Rico: Electric Company, Off the Mark on Its In-House Outlook, Is Spending Twice as Much on Fuel Than Projected

PREPA’s Low-Balling of Oil Prices Will Drive Power Rates Higher; FY 2017 Total May Exceed Estimate by $600 Million; Agency Forecast Ignored Professional Consensus

The Puerto Rico Electric Power Authority is seriously underestimating the price of oil in the fiscal-year budget it put into effect on July 1. The result is likely to be higher-than-predicted and increasingly unaffordable power rates for residents and businesses of Puerto Rico, an island commonwealth that gets most of its electricity from oil-fired generators. […]

and November 8, 2016 Read More →

IEEFA Europe: As Global Climate Pact Takes Force of Law, a Bleak Outlook for Coal-Fired Power

Paris Agreement Has Made Recovery of the Traditional Electric Generation Sources Unlikeley

What happened in Morocco last week underlines the extreme and now persistent risks to the economics of coal-fired power plants across Europe and further afield, raising the prospect of further write-downs by utilities. Some 191 countries signed the Paris Agreement in December, but a certain threshold had to ratify before it entered into force. That […]

November 7, 2016 Read More →
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