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Billings Gazette: Talen Energy, which operates Colstrip Power Plant, is $4 billion in debt and facing negotiations with creditors as its bonds are downgraded to a substantial fundamental credit risk. What the company’s financial troubles mean for its Colstrip future remains to be seen. As the majority of the owners in the southeast Montana power […]
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The Guardian: A county in Washington state has become the first such jurisdiction in the US to ban new fossil fuel infrastructure, following a lengthy battle over the impact of oil refineries on the local community. In a vote on Tuesday night, Whatcom county’s council unanimously passed a measure that bans the construction of new […]
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Associated Press: Oregon’s clean energy bill, which sets one of the most ambitious timelines in the country for moving to 100% clean electricity sources, was signed by Gov. Kate Brown on Tuesday. The legislation lays out a timetable for the state’s two major power companies — Portland General Electric and Pacific Power — to reduce […]
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S&P Global Market Intelligence ($): 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 […]
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S&P Global Market Intelligence ($): In its largest renewable energy shopping spree ever, PacifiCorp has shortlisted nearly 4,000 MW of new wind, solar and battery storage resources across its multistate service territory in the western United States to come online by the end of 2024. The utility subsidiary of Warren Buffett’s Berkshire Hathaway Energy is […]
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Bloomberg: Most of the coal plants that feed the biggest U.S. power grid will soon no longer be economic to run after prices in a key auction plunged to the lowest in 11 years. Of the 44 coal-fired power plants on the grid operated by PJM Interconnection LLC, 32 will be unprofitable in 2023, the […]
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Seattle Times: Puget Sound Energy, Washington’s largest private utility, has signed a 20-year contract to purchase wind power in Southeast Montana as part of a major shift away from coal- and gas-generated electricity. PSE will buy 350 megawatts of power, enough electricity for about 140,000 homes, from NextEra Energy Resources, which is building the Clearwater […]
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S&P Global Market Intelligence ($): Several current and former policymakers expressed skepticism that hydrogen and renewable natural gas are mature enough to play a major role in their states’ transition from natural gas. “I know that there’s a lot of talk about fuels of the future like RNG and hydrogen,” former New York State Public […]
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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 […]
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KCAW Radio: Concerns around energy independence and high costs have led many places in rural Alaska to look for renewable alternatives to fossil fuels. The Department of Energy recently announced the awardees of a new program to help remote communities find clean energy solutions. The Energy Transitions Initiative Partnership Project or ETIPP will help five […]
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 forcesDecember 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 […]