Germany lays out €40B coal exit plan; RWE accepts deal through gritted teeth
The German government on Jan. 16 presented a plan outlining the financing and timeline of the country's exit from coal power generation, putting the country on a path to eliminating the fuel from its mix by the late 2030s. As part of the deal, the coal-heavy states of Brandenburg, North Rhine Westphalia, Saxony and Saxony-Anhalt will receive €14 billion until 2038 at the latest to help them through the transition.
Congress, feds aim to plug pipeline cybersecurity holes amid Iran hacking alerts
U.S. agencies are still working to address blind spots in federal pipeline cybersecurity programs amid warnings about threats from Iranian hackers following a U.S. airstrike that killed a top Islamic Revolutionary Guard Corps commander.
Wind, solar total more than half of new US capacity added in 2019
A total of 18,400 MW of new power generation capacity came into service last year, a third of which was wind power and 19% of which was solar power, according to an S&P Global Market Intelligence analysis. The share of new capacity fueled by natural gas declined to 46% in 2019, compared to 75% in 2018.
Other energy headlines
* The International Energy Agency in its latest report on the oil market maintained its global demand growth outlook for 2019 and the current year.
* Mizuho Financial Group Inc. subsidiary Mizuho Americas LLC is the latest Japanese bank to lobby the U.S. Securities and Exchange Commission to tighten standards for how public companies disclose environmental, social and governance data to investors.
* Investors' warm reception for EnLink Midstream LLC's distribution cut and 2020 financial projections may be temporary given that the midstream company plans to prioritize growth projects over debt reduction.
Total U.S. coal production in the week that ended Jan. 11 fell 18.3% year-over-year, according to the U.S. Energy Information Administration.
Research and data
* RRA Regulatory Focus: PUC staff report calls for lower ROE for Central Maine Power due to inefficiency
* RRA Regulatory Focus: Pa. regulators sign off an acquisition of Peoples Natural Gas by Aqua America
Top pick of the day
Questions remain about Keystone XL construction despite plans to start
This extra edition of the Daily Dose has an editorial deadline of 1:30 p.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.