Montana

IEEFA Research

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA Coal Outlook 2020: Market trends are pushing U.S. industry to a reckoning

IEEFA Coal Outlook 2020: Market trends are pushing U.S. industry to a reckoning

Competition, financing, consolidation, muni/co-op trajectories, export markets

March 30, 2020 (IEEFA U.S.) — A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) sees the U.S. coal industry continuing to decline through 2020 and beyond. The report, U.S. Coal Outlook 2020: Market Trends Are Pushing Industry Ever Closer to a Reckoning, details issues that will likely persist in driving […]

IEEFA report: Navajo company’s foray into Powder River Basin coal is off to a troubled start

IEEFA report: Navajo company’s foray into Powder River Basin coal is off to a troubled start

Regulatory roadblock in Montana - business case for NTEC acquisition of Cloud Peak mines continues to unravel

Oct. 25, 2019 (IEEFA U.S.) — Regulatory opposition to the acquisition this week by Navajo Transitional Energy Company (NTEC) of three coal mines in the Powder River Basin deals the small company’s expansion strategy an immediate setback, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). Just as NTEC […]

IEEFA U.S.: Bill to incentivize federal reinvestment in tribal regions of Arizona suggests a model for coalfield communities nationally

IEEFA U.S.: Bill to incentivize federal reinvestment in tribal regions of Arizona suggests a model for coalfield communities nationally

Bipartisan support is possible; Congressional appropriations will be key

Sept. 29, 2019 (IEEFA) — A bill to encourage federal reinvestment in communities hurt by the closure of the Navajo Generating Station (NGS)-Kayenta Mine complex in Arizona suggests a model that could work for coalfield communities nationally, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report—Bill to Spark […]

and September 19, 2019 Read More →
IEEFA update: Business case weakens for Navajo Transitional Energy Company (NTEC) bid to purchase Montana-Wyoming coal mines

IEEFA update: Business case weakens for Navajo Transitional Energy Company (NTEC) bid to purchase Montana-Wyoming coal mines

Macroeconomic, regional and local risks in deal for bankrupt Cloud Peak assets

September 5, 2019 (IEEFA U.S.) — Production is down this year and the customer base is shrinking at three mines that Navajo Transitional Energy Company (NTEC) proposes buying in a bankruptcy-court bid for Cloud Peak Energy, according to a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The brief—NTEC […]

IEEFA U.S.: 13 questions on Navajo Transitional Energy Company’s proposed acquisition of bankrupt Cloud Peak’s Montana and Wyoming mines

IEEFA U.S.: 13 questions on Navajo Transitional Energy Company’s proposed acquisition of bankrupt Cloud Peak’s Montana and Wyoming mines

Little transparency and no tribal-government participation

Aug. 30, 2019 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis raises questions about whether a Navajo Transitional Energy Co. (NTEC) bid to buy a bankrupt coal company’s assets is prudent, whether it was put together properly and if it is in line with NTEC’s responsibilities to […]

IEEFA: Proposed Navajo acquisition of bankrupt U.S. coal company is an ill-timed gamble

IEEFA: Proposed Navajo acquisition of bankrupt U.S. coal company is an ill-timed gamble

Plan to buy Cloud Peak’s mines in Montana and Wyoming comes as Powder River Basin producers face more hard times - NTEC could modernize with leadership change

Aug. 22, 2019 (IEEFA) — A plan by the Navajo Transitional Energy Company (NTEC) to acquire Cloud Peak Energy’s coal mines in Montana and Wyoming is a high-risk gamble and poorly timed, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report, Proposed Navajo Acquisition of Bankrupt U.S. Coal Company […]

IEEFA U.S.: Imminent Hopi-Navajo budget crisis as coal industry collapses

IEEFA U.S.: Imminent Hopi-Navajo budget crisis as coal industry collapses

Federal action required, potential for bipartisan national coalfield reinvestment legislation: past models include Hurricanes Katrina and Sandy response, bailout of auto industry, mitigation for military base closures

May 30, 2019 (IEEFA) – Closure this year of the Navajo Generating Station (NGS) and Kayenta Mine will gut tribal government budgets in northern Arizona, according to a report published today by the Institute for Energy Economics and Financial Analysis. In response to the planned closures, Navajo Nation will reduce public-service expenditures by 23 percent […]

IEEFA U.S.: Solar tax credit extension through 2024 critical for coalfield communities

IEEFA U.S.: Solar tax credit extension through 2024 critical for coalfield communities

Support needed during energy transition — Navajo Generating Station/Kayenta Mine cited as ‘prime examples’

(IEEFA U.S.) — The federal solar tax credit should be extended by at least four years in coalfield areas, like the ones around the Navajo Generating Station (NGS) and Kayenta Coal Mine in Arizona, according to a briefing  note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). “Scheduled curtailment of the […]

IEEFA report: Powder River Basin coal industry  is in long-term decline

IEEFA report: Powder River Basin coal industry is in long-term decline

Fast-changing markets indicate deeper downturns to come in Montana and Wyoming

March 18, 2019 (IEEFA U.S.) — Coal producers in the Powder River Basin continue to lose customers as utilities across the U.S. embrace a shift toward cleaner and cheaper forms of power generation, according to a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — Powder River Basin Coal […]

More News and Commentary

FERC issues permit for $4.9 billion pumped storage project in Washington

S&P Global Market Intelligence ($): Daybreak Power Inc said July 19 that the Federal Energy Regulatory Commission issued a preliminary permit approving its proposed 2,650-MW Halverson Canyon Pumped Storage project near Creston, Wash. Halverson Canyon is a pumped storage hydropower facility that would use water from Lake Roosevelt and a new reservoir in an upland […]

July 21, 2021 Read More →

IEEFA: Institutional investors have a major role to play in carbon emissions reduction

IEA Net Zero by 2050 report lays out roadmap for successful economic transition

The recently released International Energy Agency (IEA) roadmap to a net-zero economic transformation by 2050 not only lays out an energy-and-beyond vision, but also sets forth key steps needed to achieve it.  The situation is dire, and the message for institutional investors, particularly public funds, is stark. Maintaining returns that meet financial targets—and protecting the […]

June 15, 2021 Read More →
IEEFA: Keystone XL project became another pipeline to nowhere
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IEEFA: Keystone XL project became another pipeline to nowhere

Demise of Keystone XL should spur regulators, investors to reconsider massive pipeline projects

As the Federal Energy Regulatory Commission (FERC) reviews the public comments it recently received on its proposal to reconsider how it determines whether a gas pipeline should be granted a certificate of public convenience and necessity, it would do well to consider the cautionary tale of a massive fossil fuel infrastructure project, the Keystone XL […]

TC Energy finally pulls plug on Keystone XL oil pipeline

Wall Street Journal ($): Canada’s TC Energy Corp and the Albertan provincial government said Wednesday they would scuttle the Keystone XL oil pipeline project, bringing to an end a years-long controversy over an effort to pipe more Canadian crude to the U.S. The decision had been expected after President Biden used his first day in […]

June 10, 2021 Read More →

Puget Sound Energy signs deal to buy wind power from Montana farm

Seattle Times: Puget Sound Energy, Washington’s largest private utility, has signed a 20-year contract to purchase wind power in Southeast Montana as part of a major shift away from coal- and gas-generated electricity. PSE will buy 350 megawatts of power, enough electricity for about 140,000 homes, from NextEra Energy Resources, which is building the Clearwater […]

June 3, 2021 Read More →

U.S. has to exceed pace of solar, wind construction to meet 2050 goal

New York Times ($): President Biden has promised to sharply reduce America’s planet-warming carbon emissions, which means changes to the country’s energy system may reshape landscapes and coastlines around the country. The United States is now aiming to bring emissions down to net-zero by 2050, meaning the country would eliminate as much greenhouse gas as […]

May 28, 2021 Read More →

Powder River Basin customers burned 42% less coal last year

E&E News ($): Customers of mines in Wyoming and Montana burned as much as 42% less coal last year, according to a new analysis estimating which operations are most at risk of closing. The Powder River Basin mines about 40% of the country’s coal, but the region’s sprawling open pits have seen production cut by […]

May 20, 2021 Read More →

Colstrip co-owners file suit to block Montana law extending plant life

S&P Global Market Intelligence ($): A day after Montana Gov. Greg Gianforte signed into law two bills seeking to extend the life of the Colstrip power plant, one of the last remaining coal-fired generating stations in the Northwest, four of the facility’s owners opposed to the legislation fired back with a lawsuit against two owners […]

May 7, 2021 Read More →
IEEFA U.S.: Colstrip legislation would slam NorthWestern customers with costs topping $1.3 billion over 20 years

IEEFA U.S.: Colstrip legislation would slam NorthWestern customers with costs topping $1.3 billion over 20 years

NorthWestern could charge customers for fictional investments at Colstrip rather than actual costs

April 15, 2021 (IEEFA)—A measure being considered in the Montana Legislature (Senate Bill 379) would grossly and unfairly enrich NorthWestern Energy with the creation of an effective tax on the company’s customers for 20 years or longer—a tax that would be based on a fictional company investment of almost $700 million. Traditionally, consumers pay for […]

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IEEFA U.S.: ‘New Promise Act’ would help communities transition from coal-based economy

O’Halleran legislation aims to cushion economic losses caused by plant closures

April 2, 2021 (IEEFA) — The recently introduced New Promise Act, sponsored by Rep. Tom O’Halleran, D-Ariz., marks a potentially important step forward in recognizing the need for a federal commitment to economic revitalization in communities that have been hard-hit by the decline of the coal economy. The bill, inspired by the closure of the […]