U.S. Energy News

Major U.S. insurer drops coal industry

NOTE TO READERS: U.S. Energy News is taking a break for Independence Day. We will resume on Monday, July 8.

COAL: Chubb says it will no longer cover coal plants or mining, becoming the first major U.S. insurer to do so, saying “as a global insurer we are impacted by climate change, in everything from increasing fire risk to flooding.” (Los Angeles Times)

ALSO:
One of the country’s largest coal producers, West Virginia-based Revelation Energy and its affiliate, Blackjewel, files for bankruptcy. (Ohio Valley Resource)
New Mexico’s largest utility files its plan with state regulators to close a coal plant and replace its power with a mix of natural gas, solar and wind energy. (Associated Press)

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CLIMATE:
Five months after a new clean-energy majority took control of its board of directors, the staff of Omaha, Nebraska’s public utility moves forward with developing a climate action plan. (Energy News Network)
A new study finds existing fossil fuel infrastructure already locks in 1.5 degrees of global warming. (InsideClimate News)

NUCLEAR:
After previously issuing a June 30 deadline, FirstEnergy says it can wait a little longer for a decision from Ohio lawmakers over whether to subsidize two of its nuclear plants. (Toledo Blade)
A nuclear power business that decommissions closed power plants and has received tax breaks through its family and political connections in New Jersey is now under scrutiny. (ProPublica)

GRID:
A Minnesota utility says it will need more dispatchable power sources – such as storage or peaker plants – by the 2030s in order to meet demand during power surges. (Minneapolis Star Tribune)
• As California looks to replace some of its gas peaker plants with storage, power providers are contemplating longer-duration batteries. (Greentech Media)

PIPELINES: The Supreme Court will review a Mountain Valley Pipeline case where developers used “quick take” power, which allows them to take private property months or years before paying. (E&E News, subscription)

OIL & GAS:
• A federal investigation is underway after two workers were killed during a training exercise at an offshore drilling platform in the Gulf of Mexico. (Houston Chronicle)
Ongoing efforts to clean up a Philadelphia oil refinery that began even before a recent explosion have been thrown into disarray. (E&E News)

WIND: Dominion Energy moves forward with construction on the nation’s second offshore wind project, which is a proof of concept for the company. (Washington Post)

CLEAN ENERGY: New York has set ambitious goals for producing large amounts of clean energy, but its history in meeting its recent targets is spotty. (City & State)

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RESEARCH: An international carbon capture competition underway in Wyoming has extended its deadline by four months to June 2020. (Wyoming Public Media)

COMMENTARY: A columnist highlights an Indiana utility’s accelerated transition from coal to renewables in a conservative state with no renewable energy mandates. (Forbes)

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