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The Hill: The Department of Energy has a new request for proposals (RFP) out for ideas on how to spend $100 million in federal money on “transformational coal technologies.” There’s a hurry-up-and-apply quality to the RFP, which has a deadline of Oct. 19. We think it is a transparent effort by Peabody Energy to get […]
Tom Sanzillo
Department of Energy Offering of $100 million in Fresh Funding for ‘Transformational’ Coal Projects Ignores a Long History of Failure; Likely Beneficiary Is Peabody Energy; At-Risk Potential Partners are Hopi and Navajo Nations
The stunning record of failure for “clean coal” projects in the U.S. has not kept the coal industry—and its allies in the Trump administration—from using more federal subsidies for reckless projects. The latest comes by way of a recent Department of Energy offering of $100 million toward “Fossil Fuel Large Scale Pilots.” DOE, along with […]
Bloomberg BNA: A group of business and government representatives are exploring the possibility of keeping alive a troubled coal mine in northern Arizona. The Kayenta mine, operated by Peabody Energy, appears likely to shut down at the end of 2019, when the nearby Navajo Generating Station is also scheduled to close. The two are linked […]
The Institute for Energy Economics and Financial Analysis (IEEFA) has done extensive research into the difficult circumstances facing Navajo Generation Station. Key findings: Declining energy market prices and rising production costs have made power produced by the plant more expensive than competing sources. Market trends are not likely to change, leaving the plant’s financial viability […]
Bloomberg BNA: The biggest coal-fired generating station west of the Mississippi could be replaced by a coal gasification plant, raising concerns among environmentalists as well as questions from financial analysts about the economic costs and risks. The tribe “has considered the development of potential energy industries, including [a] gasification plant,” Navajo Nation presidential spokesman Mihio […]
Press Release
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 […]
Gallup (N.M.) Independent: U.S. Secretary of the Interior Ryan Zinke applauded the Navajo Nation Council’s approval of a new lease with Salt River Project to continue operating Navajo Generating Station through 2019. But grassroots organizations criticized the Council’s approval of the lease as a green light for the owners of the power plant to exploit […]
Gallup (N.M.) Independent: Thanks to the completion of a $60 million solar farm in Kayenta, which is already producing energy, the future is looking brighter. When construction began in December, close to 250 individuals, including 195 Navajos, worked during the six-month period of construction. With the completion of the solar facility, approximately 13,000 homes will […]
Arizona Republic: The Navajo Nation Council on Monday approved a new $350 million lease for the coal plant near Page that could allow it to remain open another two years. Salt River Project, Arizona Public Service Co., Tucson Electric Power and NV Energy agreed to run the Navajo Generating Station through 2019 if the tribe […]
Seeking Alpha: In concluding highlights of qualitative events that signal big change, I’ve thought for some time that the fate of the Navajo Generating Station in Arizona is likely to be significant for the coal industry in general and Peabody Energy (NYSE:BTU) in particular. Navajo Generating Station is a big old and dirty 2.25 GW […]
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 FailedJune 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 […]