February 27, 2017 Read More →

2,250-MW Coal Plant Closure Undercuts Trump Job Pledge, Peabody Bankruptcy Plan

From SmarterShift.com:

Low natural gas prices seem destined to dash ex-casino mogul Donald Trump’s bid to resurrect coal industry jobs during his new gig in the Oval Office, after the owners of the country’s third-largest coal plant announced it would be shutting down decades ahead of schedule.

And the now-imminent closure of the 2,250-MW Navajo Generating Station (NGS) outside Page, Arizona “likely blows a hole” in the bankruptcy restructuring plan put forward by coal giant Peabody Energy, the Institute for Energy Economics and Financial Analysis reports.

Navajo is the biggest remaining coal plant in the western U.S., and one of two to be shuttered in the last three weeks.

2,250-MW Coal Plant Closure Undercuts Trump Job Pledge, Peabody Bankruptcy Plan

Posted in: IEEFA In the News

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