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Kayenta Mine
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IEEFA
S&P Global Market Intelligence ($): In the face of recent operational setbacks and troubling global economic indicators, Peabody Energy Corp. told investors it is focusing on “value over volume” with sharp reductions in U.S. thermal coal production but increased attention to its metallurgical coal operations in the U.S. and Australia, as well as the country’s […]
David Schlissel and Karl Cates
Who runs the company, will Navajo Nation be left holding the bag, how many jobs will be lost, and will employee benefits be eliminated?
As the Navajo Transitional Energy Company presses forward with its proposition to acquire the failing Navajo Generating Station (NGS) and its supplier, the Peabody Energy-owned Kayenta Mine, concerns persist about the substance of the proposal and the liabilities that would come with it. While NTEC’s general counsel, Bernard Masters, revealed some fresh details yesterday before […]
IEEFA
Associated Press: Navajo Nation Council legislation to allow a tribal-owned energy company to become a for-profit corporation was withdrawn before it could be considered. The Gallup Independent reports that the bill sought approval for a federal charter for Navajo Transitional Energy Company to purchase Navajo Generating Station and the Peabody Kayenta Coal Mine. Delegate Benjamin […]
Press Release
Site remediation will involve thousands of acres and require hundreds of skilled workers; public pressure on Peabody may be required for ‘proper cleanup’; responsible repurposing of NGS infrastructure will include development of utility-scale solar and emerging electricity-storage technology
Dec. 7, 2018 (IEEFA) — Land reclamation and site remediation around the coal-fired Navajo Generation Station and its companion Kayenta Mine in northeastern Arizona will require years to complete and likely employ hundreds of former plant and mine workers, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. The report—“Long-Term […]
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 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, […]