Energy Blog

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Navigating the New SEC Climate Regulation : An Overview

In 2022, the Securities and Exchange Commission (SEC) initiated significant changes aimed at enhancing climate-related disclosures for registrants. Fast forward to March 6, 2024, and the SEC has finalized these rules, ushering in a new era of transparency and accountability regarding climate risks and financial impacts. Let’s delve into the key aspects of this regulation […]

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EVA Accurately Predicts Drop of Coal Inventories in its Monthly Coal Stockpile Report

On Friday, the U.S. Energy Information Administration (EIA) released official statistics of the U.S. electric power sector for the month of August as part of its EIA Form-923 reporting. As reported in EIA’s 923 data, coal inventories at U.S. coal-fired power plants dropped below 90 million tons amid higher coal plant utilization rates and a […]

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Understanding 45Q: The Carbon Capture Tax Credit

With several states and a number of utilities adopting decarbonization goals, carbon capture and sequestration (CCS) and carbon capture, utilization and storage (CCUS) may find a role in an energy transition as coal and gas plants retrofitted with either technology could continue to operate. What is the 45Q tax credit? 45Q is a performance-based tax […]

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Federal investigation spurs H.B. 6 repeal efforts and potential upside for gas

Ohio H.B. 6 repeal in the works following allegations of bribery Two Ohio House Democrats – Reps. Mike Skindell and Mike O’Brien – announced in a press release on Wednesday, July 22, that they will immediately introduce a bill to repeal House Bill 6, the controversial law passed a year ago that provides ratepayer-funded subsidies […]

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California’s Natural Gas Challenge

California finding it difficult to get past natural gas In late 2019, Southern California Edison released “Pathway 2045”, its report on how the utility will meet the state’s aggressive carbon reduction mandates.  Just over a year earlier, then-Governor Gavin Jerry Brown (D) signed into law S.B. 100, which accelerated the state’s existing renewable portfolio standard […]

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Biden’s energy plan touts significant investment in clean technology as key to job growth, security

Former Vice President and presumptive Democratic presidential nominee Joseph R. Biden, Jr. this week released an outline of his wide-ranging clean energy plan that includes $2 trillion of investments in everything from infrastructure and transit to housing and agriculture.  Biden says the plan is designed to spur job growth, drive American innovation, and “build a […]

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COVID-19 and Mild Weather Combine to Suppress Electricity Demand

COVID-19 and Mild Weather Combine to Suppress Electricity Demand Electricity demand in the continental U.S. since the beginning of the year has been sharply lower than during the same period in 2019, though the response to the ongoing COVID-19 virus pandemic is only partially to blame.  Demand across the six largest centrally-dispatched markets – PJM, […]

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COVID-19 and Possible Economic Demand Destruction

Let’s talk about the 6-ton elephant in the room, economic demand destruction. The ongoing COVID-19 pandemic and simultaneous oil price war have joined forces to drive a sector-wide commodity sell-off.  As cities and states across the U.S. have begun issuing unprecedented measures to contain the spread of the virus (today, Governor Cuomo of New York […]

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EVA Expects Coal Burn to Reach 470 Million Tons in 2020

NATIONAL TAKE-AWAYS After a warmer-than-expected winter, natural gas is expected to continue to take market share from coal resources through 2020. EVA’s March 2020 Gas & Coal Price Sensitivity Outlook draws the following high-level conclusions: January coal burn dropped by nearly 20 million tons YoY, the largest monthly drop recorded in recent history. Weak electricity […]

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