IEEFA Research

IEEFA Analysis: Financial Condition of Montana’s Colstrip 1 and 2 Worse Than Previously Known

IEEFA Analysis: Financial Condition of Montana’s Colstrip 1 and 2 Worse Than Previously Known

Costs to Ratepayers Stand to Increase if Puget Sound Keeps Two Coal-Fired Plants Alive

In testimony today to the state Utilities and Transportation Commission in Olympia, Wash., we are presenting fresh analyses that shows how two coal-fired electricity generators in Montana co-owned by Puget Sound Energy are worse investments  than previously known. Over the past several months, IEEFA has documented how Colstrip 1 and 2 have become an increasingly […]

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IEEFA U.S.: Coal plants close as renewable energy construction rises

IEEFA U.S.: Coal plants close as renewable energy construction rises

Two sectors heading quickly in opposite directions

Joe Biden’s win in the U.S. presidential election has sparked thousands of words about coming changes to the electric utility sector; the reality is that the marketplace is already quickly pushing these changes. During the past three weeks, seven utilities have announced plans to close or convert almost 9,500 megawatts (MW) of coal-fired generation across […]

November 20, 2020 Read More →

Talen to stop burning coal at three plants with 3.6GW of capacity in Pennsylvania and Maryland by 2025

S&P Global Market Intelligence ($): Transitioning to cleaner fuel sources, Talen Energy Corp. will stop burning coal at three of its wholly owned facilities in Pennsylvania and Maryland by the end of 2025 and develop new renewable energy and battery storage resources, the Texas-based power generation company announced Nov. 10. As part of a deal […]

November 12, 2020 Read More →

Two units at Montana’s Colstrip coal plant to be retired this weekend

Associated Press: One of the largest coal-fired power plants in the western U.S. will close two of its four units by Saturday as the Montana facility edges toward an eventual total shutdown. Colstrip Units 1 and 2 – built in the 1970s when massive strip mines were being developed across Montana and Wyoming – will […]

January 3, 2020 Read More →

Montana’s largest utility to boost stake in Colstrip coal plant

Billings Gazette: NorthWestern Energy plans to increase its share in Colstrip Unit 4 by buying out another power plant owner who recently revealed the coal-fired unit needs $20 million in repairs. Montana’s largest monopoly utility said Tuesday that it will buy out Puget Sound Energy for $1. The price is identical to what NorthWestern pitched […]

December 11, 2019 Read More →

Colstrip’s new coal supply contract likely to raise price of plant’s electricity generation

Billings Gazette: Colstrip Power Plant will continue receiving coal from Rosebud Mine under a six-year contract signed by all but one of the plant’s owners this wee The contract, five years in the making, was signed with just weeks left on the coal arrangement between the mine and the power plant. The terms assure the […]

December 6, 2019 Read More →

Largest Montana solar project gets court backing in fight with local utility

Billings Gazette: A 480-acre solar farm planned for Billings has won a significant legal battle over energy contract lengths. MTSUN solar farm will receive a 25-year contract to deliver power to NorthWestern Energy, District Judge James Manley ruled. The project, planned for the Alkali Creek area west of the Billings Heights, has been on hold […]

June 27, 2019 Read More →

Talen to close two units at Colstrip by end of 2019

Associated Press: The company that operates a coal-fired power plant in eastern Montana said Tuesday it will close two of the plant’s four units about 30 months ahead of schedule because of the high cost of running them and the unwillingness of its coal supplier to lower prices. Talen Montana said in a statement the […]

June 12, 2019 Read More →

Montana’s Colstrip bailout bill defeated, for now

S&P Global Market Intelligence ($): A bill meant to save the Colstrip power plant in Montana is dead for now, but NorthWestern Corp. hopes lawmakers will revive the idea in other legislation before the session ends May 1. The bill was one of the most controversial pieces of legislation in this year’s session. Republican state […]

April 18, 2019 Read More →

Environmentalists push strict coal ash cleanup plan as a jobs initiative for Colstrip area

Billings Gazette: A Montana conservation group is urging the state to hold Colstrip power plant ash pond cleanup to the highest possible standard, a move it says would keep 218 workers employed for a decade. Drawing on its federally funded 2019 study of Colstrip cleanup options, the Northern Plains Resource Council said Wednesday that completely […]

April 8, 2019 Read More →

Montana Republicans introduce revised bill to save Colstrip coal plant

Billings Gazette: Republican legislators are taking another run at bailing out Colstrip Power Plant, capping some costs, but still obligating NorthWestern Energy customers to a 30-year repayment plan of the utility’s $407 million Colstrip investment. The new legislation, SB 331, which was introduced Wednesday, comes after Billings Sen. Tom Richmond announced that he’ll abandon his […]

March 14, 2019 Read More →