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 […]

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

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 →

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 […]

February 1, 2017 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 […]

December 22, 2016 Read More →

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 […]

December 9, 2016 Read More →

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 […]

December 6, 2016 Read More →