Colorado

More News and Commentary

IEEFA Op-Ed: Market Forces Are What’s Killing the Navajo Generating Station

The President Should Not Intercede

The question of whether the Navajo Generating Station will stay open past 2019 is of special regional interest for the implications it raises about jobs and local economies in the Rocky Mountains and the Southwest. But it’s a national issue too, as shown by pleas this week for President Trump to take executive action to […]

Read More →
IEEFA Update: Shutdown of Navajo Generating Station Likely Blows a Hole in Peabody’s Bankruptcy Plan

IEEFA Update: Shutdown of Navajo Generating Station Likely Blows a Hole in Peabody’s Bankruptcy Plan

Company Seen as Unlikely to Meet its Production or EBITDA Projections; Fate of Plant Is Emblematic of Larger Shift

Bankrupt Peabody Energy is being dealt a fresh setback on news this week that owners of the coal-fired Navajo Generating Station don’t expect to keep the plant open past 2019. The 2,500-megawatt station in Northern Arizona is owned by a consortium of public and private utilities with significant service areas in several states. While Peabody […]

Read More →

Bowie Resource Partners Drops Application for Coal-Gasification Plant in Colorado

Dennis Webb for the Grand Junction Daily Sentinel: Bowie Resource Partners has withdrawn an application with a state agency for approval to build a coal gasification plant at its Bowie No. 2 coal mine near Paonia. The action comes just two months after it submitted the application with the Colorado Division of Reclamation, Mining and […]

Read More →

Coal-Fired Unit in Colorado Will Close

Christopher Coats for SNL: A Colorado utility announced the closure of a unit at its controversial Martin Drake Power Plant near Colorado Springs as the state’s coal sector moved toward a 40-year low in production. The decision to close the unit occurred as coal continues to lose favor in Colorado, including a steady decline in […]

Read More →

U.S. Mountain States Are Shifting from Coal to Gas and Renewables

Tom DiChristopher for CNBC: The U.S. Mountain States are moving away from coal, even as President-elect Donald Trump vows to revive the embattled industry. Western states — a stronghold for coal consumption — are increasingly using natural gas and renewable energy for their electricity. The switch puts pressure on miners in Wyoming, the country’s biggest […]

Read More →

Arch Seeks Colorado Mine Expansion in Face of Declining Coal Markets

Dan Elliott for the Associated Press: Colorado’s flagging coal industry got a glimmer of hope when the federal government removed one obstacle to expanding the state’s largest mine, but it isn’t a done deal, and further court challenges are likely. Arch Coal Inc. wants to extend its underground West Elk Mine into untapped federal coal […]

Read More →

Colorado Approves $1.1 Billion Wind Farm, 90-Mile Transmission Line

Cathy Proctor for the Denver Business Journal: Xcel Energy Inc.’s proposal for a massive, $1.1 billion 600-megawatt Rush Creek wind farm and 90-mile transmission line in eastern Colorado was approved Friday by the Colorado Public Utilities Commission. The three commissions on Friday verbally approved a settlement Xcel (NYSE: XEL) announced in early September in support […]

Read More →
IEEFA Update (Corrected): Wind in the Wires, and More on the Way

IEEFA Update (Corrected): Wind in the Wires, and More on the Way

30 States Have Projects Under Construction or in Advanced Development

Wind power is a rapidly growing source of electricity in the U.S., doubling its share of generation in just five years, to 4.9 percent in 2015. The declining cost of wind power, along with cheap natural gas, has put tremendous financial pressure on both coal-fired and nuclear power plants, and is changing the mix of fuels […]

Read More →

Peabody Shortchanges Colorado County as It Banks Millions for Executive Bonuses

Kevin Simpson for the Denver Post: Routt County Treasurer Brita Horn last week rejected checks for $1.7 million in overdue property taxes from bankrupt coal company Peabody Energy because they fell short of the amount due — and then took money out of her own pocket for a public relations effort assuring taxpayers the company […]

Read More →

Colorado Coal Output Drops 42%

Danika Worthington for the Denver Post: Colorado coal production in the first six months of the year dropped 42 percent compared with the same period of 2015, but on-the-job injuries increased by 20 percent. The Colorado Division of Reclamation, Mining and Safety released a report on mine production and safety for January through June of […]

Read More →