Utah

IEEFA Research

IEEFA Analysis: If Utah Commits to Proposed $53 Million Oakland Port Subsidy, It’s Buying a Pig in a Poke

Could There Be a Worse Time to Invest in Deteriorating Coal Markets?

A bill being seriously considered by the Utah State Legislature this week seeks in essence to finance a backdoor subsidy for a coal export terminal in California whose construction could well leave Utah taxpayers on the hook for a highly questionable and highly speculative $53 million out-of-state subsidy. The proposed law, which exists now as SB0246, is […]

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Oakland’s Proposed Coal-Export Expansion Is Fraught With Risk

Oakland’s Proposed Coal-Export Expansion Is Fraught With Risk

Red Flags in a Global Downturn, a Struggling Coal Producer and a State Guarantee

We’re presenting testimony to the Oakland City Council today that questions the wisdom of a proposal to expand the Port of Oakland’s coal-export capacity at the Oakland Army Base Redevelopment project. The deal being considered raises several red flags. First, the developer is taking a major financial risk by relying so much on coal in […]

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More News and Commentary

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 […]

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Utah Solar Industry Goes on the Offensive

Garrett Hering for SNL: As Utah’s largest electric utility seeks to reign in rooftop solar costs amid a surge of installations, solar power advocates have countered with a 10-year plan to further harness the Beehive State’s abundant sunshine. In a new report funded by the U.S. Department of Energy’s SunShot initiative, Utah Clean Energy recommended […]

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Developer Continues to Push for a Coal-Export Terminal in Oakland

Darwin BondGraham for the East Bay Express: The City of Oakland filed a motion in federal court today asking a judge to dismiss a lawsuit aimed at neutralizing the city’s recently enacted ban on the storage and handling of coal. Oakland was sued in December by developer Phil Tagami and his company, the Oakland Bulk […]

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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 […]

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Oakland Coal-Export Developer Sues to Overturn Ban on Terminal Buildout

Bob Egelko for the San Francisco Chronicle: The would-be shipper of coal from the Port of Oakland, a company controlled by a longtime friend of Gov. Jerry Brown, has sued Oakland for outlawing coal handling and storage within its borders, saying the ban interferes with interstate commerce and with federal authority over the transportation of […]

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Utah County Lawsuit to Overturn Federal Coal-Lease Moratorium Faces Market Challenges

From the Associated Press: Two Utah counties have filed a lawsuit challenging a federal halt to granting new coal leases, arguing the moratorium is blocking a mine expansion that could pump millions of dollars into the local economies. The suit marks the first challenge to the moratorium ordered in January by the Obama administration, attorney […]

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Utah’s Oakland Coal-Export Folly Sunk by Community Opposition and Market Forces

Utah’s Oakland Coal-Export Folly Sunk by Community Opposition and Market Forces

Bell Tolls for a Controversial Proposal That Created Political Fanfare in Two States

A sketchy deal that would have led to construction of a new seaside terminal in Oakland, California, to export coal from Utah—the focus of great political fanfare in both states just a year ago—looks like it’s now dead for good. Public opposition to the project, and exposure of political machinations that didn’t pass the smell […]

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California Senate Moves to Ensure Ban on Coal-Export Terminal

Richard Kuykendall for SNL: The California State Senate approved a bill that would halt future state funding for export projects that would allow coal to be shipped or exported through California. State Sen. Loni Hancock, D-Oakland, introduced the bill in reaction to a proposed development project in Oakland that would export up to 10 million […]

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Utah Counties Drop Bid to Put $53 Million in Public Funds Into California Coal-Export Project

Lee Davidson for the Salt Lake Tribune: Four rural Utah counties on Thursday withdrew their application to invest $53 million of public money in an Oakland, Calif., deep-water port —­ a project they’ve seen as a way to open up new export markets for Utah coal. The move appears more technical than a sign they’ve […]

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Of Seven New U.S. Coal-Export Terminals Planned in the Past Five Years, None Has Opened

Timothy Puko and Erica E. Phillips for the Wall Street Journal: Western coal producers once saw exports to Asia as their future. For many, that dream is fading. A global glut has flooded overseas markets that were once expected to buy coal produced along a belt stretching from Utah to Montana that includes the Powder […]

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