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

California and New Mexico AGs Sue to Restore Closure of Loophole on Coal Taken Off Federal Lands

Law 360: The attorneys general of California and New Mexico have again gone to court to challenge a U.S. Department of the Interior decision to revoke an Obama-era rule tweaking royalty calculations for oil, gas and coal extracted from federal and tribal lands, arguing Tuesday that the regulation was repealed without adequate consideration. California AG […]

October 20, 2017 Read More →

Electricity-Generation Trends in New Mexico Reflect Larger U.S. Shift

Santa Fe New Mexican: The Trump administration’s announcement Monday that it’s taking steps to repeal regulations on coal-fired power plants is unlikely to change the fact that market forces already are pushing the state away from dependence on coal. A large coal company operating in New Mexico says it supports the repeal. But, while some […]

October 10, 2017 Read More →

Judge in Arizona Lets Stand 25-Year Life Extension for Aging Coal Plant

Santa Fe New Mexican: A U.S. district judge cited tribal sovereignty in dismissing a lawsuit aimed at shutting down a coal-fired power plant and adjacent mine near the Arizona-New Mexico border. The lawsuit, filed by a group of environmental advocacy organizations, was targeting the 2015 approval by the U.S. government of a lease extension for […]

September 13, 2017 Read More →

Momentum in New Mexico on Coal-to-Solar Transition

Associated Press: The New Mexico Attorney General’s Office and consumer advocates are petitioning state regulators to consider a new energy standard they say would protect utility customers and shareholders from the costs and risks associated with future environmental regulations. Steve Michel, the energy policy chief with the environmental group Western Resources Advocates, presented the proposal […]

August 31, 2017 Read More →

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 […]