financial
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Press Releases
Worsening energy crisis is a major opportunity for investors
The global energy crisis will continue to deepen and should act as an alarm call now about the decent long-term future rewards in sustainable investments, says the CEO of a leading global financial giant. The analysis from Nigel Green, CEO and founder of deVere Group, one of the world’s largest independent financial advisory, asset management and […]
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Climate change
Follow the Money—Considering Climate in Energy Investment
Arguments continue about the impacts of climate change, but there’s little debate when it comes to where banks and other investors are putting their money. Shareholders and institutional investors are
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News
Recent U.S. Utilities Bankruptcies Raise Important Questions About Safe Harbor for Forward Contracts
COMMENTARY Are power purchase and similar agreements excluded from the automatic stay under the safe harbor for forward contracts? Both the FirstEnergy Solutions and Pacific Gas & Electric (PG&E) bankruptcies have seen proceedings regarding power purchase and similar agreements (PPAs) that raise this question. Contracts often contain provisions that enable a party to terminate or modify […]
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Gas
GE Embarks on Plan to Keep Power Unit Competitive
GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors in a February 26 letter. The multinational conglomerate’s long-standing and lucrative GE Power business unit’s earnings plunged 45% in 2017 owing to costly operational misses […]
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Infographics
THE BIG PICTURE: Nuclear Financial Meltdown
Cheap natural gas, stagnant power demand, and power prices that have fallen significantly since 2008 have jeopardized the economics of about two-thirds of the nation’s 100-GW nuclear capacity, according to a working paper from the Massachusetts Institute of Technology (MIT) Center for Energy and Environmental Policy Research. About 21 GW in merchant deregulated markets are […]
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Coal
Bankrupt GenOn to Officially Split from NRG Energy
GenOn has begun its transition back into a standalone power generation company after NRG Energy—which acquired it in a $1.7 billion deal just five years ago—struck a comprehensive restructuring agreement with GenOn’s creditors, and GenOn filed for Chapter 11 protection. A June 14 financial filing confirms that NRG, GenOn, and an ad hoc group of […]
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Legal & Regulatory
State AGs Join Forces to Ramp Up Investigations of Climate Change Financial Disclosures
A handful of attorneys general want to join forces on ongoing and potential investigations into whether fossil fuel companies misled investors and the public about the impact of climate change on their businesses. New York Attorney General Eric T. Schneiderman announced the joint effort on March 29, during a one-day climate change conference for attorneys […]