Colstrip

IEEFA Research

IEEFA report: The case for utility-company reinvestment in Arizona’s coalfield communities

IEEFA report: The case for utility-company reinvestment in Arizona’s coalfield communities

Statewide risk as fast-moving transition sweeps across power-generation industry

March 2, 2020 (IEEFA) — Arizona utility companies that are closing coal-fired power plants must reinvest aggressively in regional coalfield communities in order to avoid local economic disarray that could affect the state’s overall financial health, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report—The Case (and the […]

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 […]

Study Concludes That Colstrip 1 and 2 Are Financially Unviable; Cautions Against Further Expenditures

Study Concludes That Colstrip 1 and 2 Are Financially Unviable; Cautions Against Further Expenditures

In an Era of Low Natural-Gas Prices and Competition From Renewable Energy, Phasing Out Two Coal-Fired Units Is the Best Option for Owners

JUNE 23, 2015 (IEEFA) — An analysis of data on operational costs and energy markets by the Institute for Energy Economics and Financial Analysis questions the financial viability of the two oldest units at the Colstrip coal-fired power plant in eastern Montana. Colstrip Units 1 and 2, which are owned equally by Talen Montana and Puget Sound […]

More News and Commentary

Oregon utility PGE looking to add 2GW of renewable energy

ReNews.biz: U.S. utility Portland General Electric (PGE) has unveiled plans to source up to 2GW of renewable energy to help meet a target of reducing greenhouse gas (GHG) emissions from power served to customers by at least 80% by 2030, 90% by 2035 and zero by 2040. The company has initiated a request for proposals […]

October 15, 2021 Read More →

Northwest Power Plan pivots to renewables, worrying Montana utilities

Associated Press: The latest roadmap for the region’s energy future is big on renewables and confident that coal-fired power plant retirements won’t lead to blackouts. Both assumptions had Montana utilities concerned this week. The Northwest Power Plan is probably most often cited in Montana for its blackout forecasts, which in the past had suggested that […]

October 4, 2021 Read More →

Colstrip operator Talen falls $4 billion into debt, bonds downgraded

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 […]

September 3, 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 →

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 […]

NextEra moving forward with Montana’s largest wind farm near Colstrip coal plant

Billings Gazette: Construction of what’s expected to be Montana’s largest wind farm will begin in 2021 just beyond the shadow the coal-fired Colstrip Power Plant. NextEra Energy Resources will plug into the grid at Colstrip substation, to target markets in the Pacific Northwest. Its Clearwater Wind project, with a 750-megawatts capacity, will be three times […]

January 5, 2021 Read More →

U.S. DOE report concludes carbon capture at Colstrip coal plant ‘not financially attractive’

E&E News: High operating and capital costs could make carbon capture, utilization and storage “not financially attractive” at a large coal plant visited by Energy Secretary Dan Brouillette this month, according to a Department of Energy analysis recently made public. According to the report, which was conducted by DOE and Leonardo Technologies Inc., capturing and […]

October 26, 2020 Read More →
IEEFA report: The case for utility-company reinvestment in Arizona’s coalfield communities
, and

IEEFA report: The case for utility-company reinvestment in Arizona’s coalfield communities

Statewide risk as fast-moving transition sweeps across power-generation industry

March 2, 2020 (IEEFA) — Arizona utility companies that are closing coal-fired power plants must reinvest aggressively in regional coalfield communities in order to avoid local economic disarray that could affect the state’s overall financial health, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report—The Case (and the […]

IEEFA U.S.: The coal rebound that didn’t happen
and

IEEFA U.S.: The coal rebound that didn’t happen

Industry continues to struggle against increasingly competitive market forces

Some energy pundits have spoken in recent times of an impending U.S. coal renaissance. The Heritage Foundation trumpeted coal’s “Colossal Comeback” in 2017, and a Wall Street Journal reporter in 2018 wrote of its global “resilience.” Industry executives three years ago credited the newly-elected Trump administration with paving the way for fresh investments in new […]