Category Archives for Marketplace Information
Information on the coal market place.
Some good news for Alpha’s West Virginia mines.
Alpha Natural Resources, Inc. (NYSE: ANR) operating affiliates announce that the WARN notices for eight coal mines in West Virginia have expired and the mines and their approximately 750 workers will continue to operate. The longer-term plans for these mines will continue to depend upon market prices and demand.
As the EPA’s anti-coal regulations get nearer to implementation, states that rely on coal for electricity and jobs are bracing for the massive economic and social impacts.
Arch Coal’s December 1st news release is a poignant reminder about the potential for economic, social, and environmental damage locked into the EPA’s so-called Clean Power Plan. It is well worth it to reprint the majority of this news release here on the Coalblog.
“Already promulgated regulations are expected to drive the shut-down of as much as 20 percent of America’s coal-based fleet, which is the primary source of base-load power generation in the United States,” said Deck S. Slone, Arch’s senior vice president of strategy and public policy. “That’s an unprecedented change to America’s power system in what constitutes the blink of an eye in energy markets – creating enormous potential for market disruptions, supply shortages and rate spikes.”
“EPA Power Plant Mercury Rule Gets U.S. Supreme Court Review” … “High court review of the rule threatens to stop a legal winning streak for EPA air-pollution regulations.”
The Institute for Energy Research takes a look at the potential extension of the production tax credit for the wind energy industry in their new report “The Case Against the Wind PTC.”
Some highlights of the report findings.
- A two-year extension of the PTC will cost $13.35 billion
- The PTC allows wind producers to pay the grid to take their power and still make a profit
- 65% of voters say that two decades of tax credits for wind is enough
- PTC threatens overall grid reliability as wind tends to produce electricity when it is not needed
This Daily Caller article describes how the Obama administration has picked the last few hours remaining before the Thanksgiving holiday to release the updated federal Unified Agenda. The DC article describes the document as,
the Obama administration’s regulatory road map (that) lays out thousands of regulations being finalized in the coming months.
The article describes how some 3,415 new regulations are listed, including 189 rules that will cost the U.S. economy more than $100 million.
There was an interesting article published in The Hill yesterday, which quotes EPA Administrator, Gina McCarthy on the issue of election-based changes in the Senate. Her comments indicate an overweening sense of confidence that public and presidential support will be more than sufficient to stop any attempts to limit EPA actions by the newly elected Republican majority in the Senate and the returning majority in the House.
Here’s one more article pointing out the high and unintended costs of the EPA’s pending GHG regulations.
The U.S. Chamber of Commerce blog describes (from a variety of reports) how prices across the nation could increase by 6%-7%, or even as much as 12%. They also note that overall consumer costs will increase, electricity rates will increase, and electric reliability will decrease, leaving residents and businesses in the dark and potentially stopping a budding American manufacturing renaissance.
Most people just don’t know that Germany, the darling of the European renewables industry, is in the middle of a massive build-up of its coal-fueled generation fleet. Some, as this WSJ author does, might call it a “coal binge.”
Berlin’s “energy revolution” is going great—if you own a coal mine. The German shift to renewable power sources that started in 2000 has brought the green share of German electricity up to around 25%. But the rest of the energy mix has become more heavily concentrated on coal, which now accounts for some 45% of power generation and growing.
Former Sierra Club activist, Dr. Alan Carlin’s story of his whistleblowing experience at the EPA is an interesting read. In this article, Dr. Carlin describes why he was forced to blow the whistle on EPA during the run up to the CO2 endangerment finding, how he was “muzzled” for bringing forth negative comments, and how he sees the EPA now operating outside of their legal mandate.