New Mexico

IEEFA Research

IEEFA Report: Kayenta Mine Is Unlikely to Find  New Customers Once Navajo Generating Station Closes

IEEFA Report: Kayenta Mine Is Unlikely to Find New Customers Once Navajo Generating Station Closes

A ‘Buyer Beware’ on Peabody Energy Property; Regional Demand for Coal Is in Decline; Export-Market Possibilities Are Bleak; Previous Recent Mine Deals Have Failed

June 29, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today concluding that Peabody Energy’s Kayenta mine in northeast Arizona is not likely to find new customers or markets once its sole customer, Navajo Generating Station, closes. The Navajo Nation Council voted this week to approve a deal with […]

IEEFA Report: ‘Payment for a Job Well Done,’ a Transition Plan in Anticipation of Shutdowns of Navajo Generating Station and Kayenta Mine

IEEFA Report: ‘Payment for a Job Well Done,’ a Transition Plan in Anticipation of Shutdowns of Navajo Generating Station and Kayenta Mine

Initiative to Limit Job Losses and Community Disruption; Investing in Economic Growth Rather Than Subsidizing Northern Arizona's Failing Coal Industry

June 6, 2017 (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a report outlining an economic- growth strategy for a region that stands to be set back severely by the closure of the Navajo Generating Station and the Kayenta coal mine. The proposal—“A Transition Plan for Communities Affected by the […]

IEEFA Report: ‘End of an Era’ for Navajo Generating Station; Vast Subsidies Would Be Required to Keep Aging Plant Online; Retirement Seen as Most Viable Option

IEEFA Report: ‘End of an Era’ for Navajo Generating Station; Vast Subsidies Would Be Required to Keep Aging Plant Online; Retirement Seen as Most Viable Option

‘No Longer Competitive’ With Rise of Natural Gas and Renewables; Staying Open Through 2022 Would Require a $740-Million-to-$1-Billion Subsidy; Through 2030 Would Require a $1.4 to $2.4 Billion Subsidy

May 10, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis today published a report detailing how the failing coal-fired Navajo Generating Station in northern Arizona will require hundreds of millions of dollars in subsidies to remain online for any length of time. The report—“End of an Era: Navajo Generating Station Is No […]

IEEFA Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 Read More →

More News and Commentary

In Xcel Plan for New Mexico Wind Project, Hundreds of Jobs

Albuquerque Business Journal: New Mexico’s $865-million Sagamore Wind Project is expected to create 600 jobs, both temporary and full time. That’s according to the Minneapolis-based Xcel Energy, which stated Monday those jobs are part of the company’s efforts to add more than 1,000 megawatts of wind energy that Xcel will build and own in Roosevelt […]

August 8, 2017 Read More →

Microcosm of Fast-Changing Electricity-Generation Industry: New Mexico

Farmington (N.M.) Daily Times: San Juan County faces job losses and reduced revenue from taxes as the electric utility industry changes.  These effects will be spurred by closures of two coal-fired generating stations in San Juan County. Utilities across the country are increasing their reliance on renewable energy and moving away from coal. This spring, […]

July 31, 2017 Read More →

Op-Ed: New Mexico, With More Than 350 Days of Sunshine, Is Lagging on Solar

Santa Fe New Mexican: New Mexico, with our abundance of wind and sunlight, has a tremendous opportunity to become a national model for increased solar and wind power, coupled with a decreased dependence on fossil fuels. An innovative and aggressive “energy vision” will generate a lasting positive legacy for Gov. Susana Martinez and help our […]

July 25, 2017 Read More →

New Mexico County Seeks a Transition Plan as Two Coal-Fired Plants Face Closure

Farmington (N.M.) Daily Times: San Juan County faces hundreds of job losses and considerable lost tax revenue if the Public Service Company of New Mexico pulls out of the San Juan Generating Station, according to testimony at a joint meeting of the state legislative Finance Committee and the Revenue Stabilization and Tax Policy Committee today […]

July 20, 2017 Read More →

New Mexico Utility Will Stop Using Coal for Electricity Generation

Ethan Howland in Platt’s Coal Trader: In what is becoming a trend in the Western US, Public Service Co. of New Mexico plans to exit coal-fired generation by 2031 in favor of renewables and natural gas-fired generation, according to its integrated resource plan. “A portfolio of renewables, gas generation, and, potentially storage, provides the best balance of cost and […]

July 7, 2017 Read More →
IEEFA Report: Kayenta Mine Is Unlikely to Find  New Customers Once Navajo Generating Station Closes

IEEFA Report: Kayenta Mine Is Unlikely to Find New Customers Once Navajo Generating Station Closes

A ‘Buyer Beware’ on Peabody Energy Property; Regional Demand for Coal Is in Decline; Export-Market Possibilities Are Bleak; Previous Recent Mine Deals Have Failed

June 29, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today concluding that Peabody Energy’s Kayenta mine in northeast Arizona is not likely to find new customers or markets once its sole customer, Navajo Generating Station, closes. The Navajo Nation Council voted this week to approve a deal with […]

Peabody Seeks a Buyer for Navajo Generating Station

Arizona Republic: The Navajo Nation Council on Monday approved a new $350 million lease for the coal plant near Page that could allow it to remain open another two years. Salt River Project, Arizona Public Service Co., Tucson Electric Power and NV Energy agreed to run the Navajo Generating Station through 2019 if the tribe […]

June 28, 2017 Read More →

On the Blogs: Fate of Navajo Generating Station ‘Likely to Be Significant for the Coal Industry in General’

Seeking Alpha: In concluding highlights of qualitative events that signal big change, I’ve thought for some time that the fate of the Navajo Generating Station in Arizona is likely to be significant for the coal industry in general and Peabody Energy (NYSE:BTU) in particular. Navajo Generating Station is a big old and dirty 2.25 GW […]

June 28, 2017 Read More →

Navajo Council Approves Lease Extension for Coal Plant

Associated Press: The Navajo Nation Council has approved legislation that will allow a coal-fired power plant in northern Arizona to continue operating through December 2019. The 18-4 vote late Monday means at least 700 jobs at the Navajo Generating Station near Page and the mine that supplies the coal won’t be immediately lost if the […]

June 27, 2017 Read More →

Letter to the Editor: What Happened to Ohio Shouldn’t Happen in Arizona

Gallup (N.M.) Independent: The Navajo Generating Station is thousands of miles away from my community of Galion, Ohio. But recent news around the difficulties of the coal-fired power plant in Arizona, which gets its coal from a Peabody Energy mine, reminds me of what happened here in Galion. Our small Ohio City, along with 200 […]

June 20, 2017 Read More →