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

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 […]

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 →