Electric Power


Coal communities face fiscal ruin

The coal industry continues to tumble in the U.S. as electric power plants turn increasingly to natural gas and renewable energy as their fuels of choice. And that decline might only worsen for coal mining and the communities that rely on it if Washington someday adopts strong policies to reduce carbon emissions associated with climate change. In this edition of Columbia Energy Exchange, I pay a visit to Adele Morris, a senior fellow and policy director for climate and energy economics at Brookings Institution. Adele and Noah Kaufman, a research scholar at the Center on Global Energy Policy, and Siddhi Doshi, a senior research assistant at Brookings, have written a new paper from the center that looks at the danger of fiscal collapse in coal-reliant communities. What they tell us is that while climate risks to corporations have received scrutiny in…

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Article, Consumer, Corporations, Economy / Finance, Energy

Oil companies slip in new list of leading energy firms

Integrated oil majors like ExxonMobil, Chevron and Shell once dominated the standings of the world’s leading energy companies, with assets, revenue and earnings far outpacing just about everyone else. That’s not the case anymore, as companies that sell electricity and refine crude oil into fuel are gaining ground, as seen in a new survey by S&P Global Platts, a provider of energy information and benchmark prices. (Read more)

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Article, Corporations, Economy / Finance, Energy, Utilities and Providers

Utility deal spurs gas-to-grid momentum

A $1.5 billion deal between Southern Company and Kinder Morgan this week is one more sign of the growing importance of natural gas to electric power generation in the U.S. Atlanta-based Southern Company, the second-largest utility company in the U.S. in terms of customer base, agreed to pay cash to Kinder Morgan for a 50% equity interest in the Southern Natural Gas (SNG) pipeline system. (Read More)

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