Utah

IEEFA Research

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 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 […]

March 8, 2016 Read More →
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 […]

September 21, 2015 Read More →

More News and Commentary

IEEFA Update: The Coal Deal That Collapsed to Nobody’s Surprise

A Debt-Fueled Arrangement Between Murray Energy and Bowie Resources Went Nowhere for a Reason

The quick collapse this month of a debt-fueled deal by Murray Energy to buy out troubled Bowie Resource Partners and its Utah coal holdings comes as no surprise. The acquisition was supposed to have been financed with $510 in junk bond debt. It took only 10 days to fall apart. The “capital raise” wasn’t getting […]

November 17, 2017 Read More →

Editorial: Investing in Utah’s Post-Coal Economy

Salt Lake Tribune: In his January State of the State address, Gov. Gary Herbert announced his plan to create 25,000 jobs throughout rural Utah in the next four years. Lt. Gov. Spencer J. Cox has been shepherding that 25K Jobs Initiative ever since. The need for rural jobs is especially acute in former coal counties, […]

September 8, 2017 Read More →

Entrenched Downturn in Southwestern Coal Industry

SNL: Coal production and jobs in the southwestern United States have declined precipitously over the past five years as the industry has dealt with numerous setbacks. Mines in the Uinta Basin and the Four Corners area and other mines in New Mexico, Colorado, Arizona, Utah, Nevada and California have suffered from toughened state regulations and […]

June 15, 2017 Read More →
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 […]

Utah Solar Company, Emphasizing Job Creation, Expands Into New Mexico

Albuquerque Business First: Utah-based residential solar sales company LGCY Power is expanding into New Mexico, where it could create up to 50 jobs within the year. Eric Nielsen, senior vice president of sales with LGCY, said Sunrun directed LGCY to open an office in Albuquerque because it is solar friendly. ABQ city councilors recently introduced […]

May 16, 2017 Read More →

Editorial: Remaking a Local Economy Built Around a Failing Power Plant

Deseret News (Salt Lake City): Political leaders should look for effective solutions to help foster job transitions for displaced coal workers. The notion that changes in the energy market that have led to the impending closure of coal generating plants can be reversed by adjustments in trade and environmental policy is likely wishful thinking that […]

May 11, 2017 Read More →

Op-Ed: A Road to Nowhere

Seattle Times: The reality is that the economic prospects for West Coast coal exports have collapsed. China’s demand for coal, which once seemed limitless, has been falling for three consecutive years. India’s coal imports fell last year and are projected to drop even further as the country increasingly taps domestic coal reserves to fuel its […]

April 26, 2017 Read More →

Trump Administration’s Retro Energy Policy Undermines Economy of Southwest U.S. (144,000 Solar and Wind Jobs and $83 Billion in Current Capital Investment)

Associated Press: Part of a coal-fired power plant in northwestern New Mexico is still scheduled for retirement despite President Donald Trump’s executive order Tuesday to roll back measures aimed at tackling global warming. And the state’s largest electric provider has no plans to shift gears when it comes to promoting cleaner energy, a spokesman said. […]

March 31, 2017 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 […]

February 15, 2017 Read More →

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 […]

February 7, 2017 Read More →