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Karl Cates
Will Economics or Politics Prevail?
Word last week that two potential buyers are interested in the failing Navajo Generating Station (NGS) in Arizona turned heads regionally and nationally — perhaps even globally. The fate of NGS, as the power plant is known for short is a major story in the state. NGS is in remote far-northern Arizona, almost 300 miles […]
IEEFA
The Republic: Two investment firms are considering a joint purchase of the Navajo Generating Station coal-fired power plant near Page, but time is running out to strike a deal. The power plant is scheduled to close in December 2019, which also will prompt the closure of the Kayenta Mine about 80 miles away. Peabody Energy […]
Tom Sanzillo
If Keeping a Failing Power Plant Alive Was Such a Good Idea, the Company Would Be Putting Up Some of Its Own Cash
To its credit, Peabody Energy produced more coal in the first quarter of 2018 than it did in 2017, at a time when production for the rest of the United States coal industry was down 6%. However, despite the production increase, Peabody’s profits from U.S. production were 28% less in the first quarter of 2018 […]
IEEFA
S&P Global Market Intelligence ($): A consultant retained by Peabody Energy Corp. told a U.S. congressional committee that the Navajo Generating Station has the potential to continue to supply power at competitive prices well into the future and a potential buyer is interested. An unnamed investor and operating company have been identified that could keep the plant open, said […]
Press Release
Research Brief: Regardless of Ownership, Outlook for Southwest U.S. Coal-Fired Electricity Plant Is Bleaker Than Ever
April 11, 2018 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a research brief today that finds the financial outlook for coal-fired Navajo Generating Station is bleaker than it was when the plant’s utility owners announced last year it would be retired in 2019. The plant’s owners—Arizona Public Service Company, the Salt River Project, […]
IEEFA
Arizona Capital Times: I keep expecting to see leadership actively involving communities that have been impacted by the coal mining and the Navajo Generating Station (NGS) power plant. But there is a disturbing silence from Navajo leadership. As a coal company, Peabody won’t face facts that the market for its product is ending. Wealthy executives […]
IEEFA
Associated Press: The Arizona Legislature is being asked to exempt coal used in a power plant on the Navajo Nation from the state’s sales tax as a way to help make the plant more attractive for potential buyers. The Navajo Generating Station in Page near the state line with Utah is set to close at […]
Karl Cates
Energy Transition Openings Now in the Four-Corners Region of Arizona, Colorado, New Mexico, and Utah
The great swath of high plains that run from Texas to the Canadian border has been rightly nicknamed in recent years the Saudi Arabia of Wind. A drive through the region on any major interstate yields daytime vistas dappled with giant wind farms that stretch so far into the distance that they look like CGI […]
Press Release
Strategically Situated Tribal Lands at the Heart of the American Sunbelt Hold Crucial Market Advantages; Prudent Development Strategies Will Benefit, Protect, and Profit Local People
Jan. 3, 2017 — Locally owned utility-scale solar electricity generation offers Navajo communities an immediate generational economic-development opportunity, concludes a research brief published by the Institute for Energy Economics and Financial Analysis (IEEFA) and DinéHózhó. The report— “Window of Opportunity: Navajo Solar—A Fast-Track Community-Driven Development Approach” — details how transformative changes in the U.S. electric utility […]
IEEFA
NBC News: Over the last century, in particular, American settlers and institutions urged the Navajo into livestock ranching, land development and uranium mining, only to end or curtail those industries, leaving the tribe to manage the disastrous fallout. Now, history’s pendulum appears to have swung again. A coal business, dropped into the Navajo heartland a […]
IEEFA Update: Push to Keep Navajo Generating Station Alive in Deal With Arizona Water Distributor Is Fraught With Risk
Research Brief: Regardless of Ownership, Outlook for Southwest U.S. Coal-Fired Electricity Plant Is Bleaker Than EverApril 11, 2018 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a research brief today that finds the financial outlook for coal-fired Navajo Generating Station is bleaker than it was when the plant’s utility owners announced last year it would be retired in 2019. The plant’s owners—Arizona Public Service Company, the Salt River Project, […]