Navajo Generating Station

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 update: Peabody Energy flirts with bankruptcy—again

IEEFA update: Peabody Energy flirts with bankruptcy—again

Bear market for coal, new financial pressures push world’s largest coal company towards default

Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]

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 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: 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.: Carbon-capture pitch raises ‘false hope, fiscal risk’ for New Mexico town

IEEFA U.S.: Carbon-capture pitch raises ‘false hope, fiscal risk’ for New Mexico town

Company tied to New York vulture capital ‘not a credible business partner;’ Enchant Energy Corp. seeks $5.8 million federal grant for itself and associates

July 12, 2019 (IEEFA) — A novice company’s push to create a partnership with the City of Farmington, N.M., that would attempt to turn a closing coal-fired power plant into a carbon capture experiment would put the town at financial risk, concludes a report published today by the Institute for Energy Economics and Financial Analysis. […]

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 update: Navajo coal mine and plant acquisition plan raises liability issues

IEEFA update: Navajo coal mine and plant acquisition plan raises liability issues

Failure to address employee benefits, maintenance, and cleanup costs

March 8, 2019 (IEEFA New Mexico) — The Navajo Transitional Energy Company’s (NTEC) proposed acquisition of the failing coal-fired Navajo Generating Station (NGS) and its feeder Kayenta Mine continue to raise questions about possible consequences should the sale be allowed to move forward. In addition to wide concerns about the financial viability of the project, the […]

IEEFA report: Business case for acquiring failing plant and Kayenta mine poses ‘serious financial risk’ to Navajo Nation

IEEFA report: Business case for acquiring failing plant and Kayenta mine poses ‘serious financial risk’ to Navajo Nation

‘Little clarity, no certainty’ seen in NTEC plan; reclamation liabilities loom large

February 22, 2019 (IEEFA Arizona) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today concluding that a tribal company’s plan to acquire the failing Navajo Generating Station (NGS) and its companion mine would most likely create a money-losing enterprise.  The report—“NTEC’s Plant/Mine Acquisition Plan Puts Navajo Nation at Serious Financial Risk”—concludes […]

More News and Commentary

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 […]

Navajo Generating Station, largest coal plant in the western U.S., closes

Arizona Republic: The Navajo Generating Station coal-fired power plant near Page burned the last of its coal Monday, marking the end of the plant’s 45-year run, utility company Salt River Project (SRP) announced. The plant was the largest coal plant in the West, and its closure will affect the entire region. The mine supplying the […]

November 19, 2019 Read More →

U.S. power plant retirements exceed additions by more than 1,000 MW in September

S&P Global ($): U.S. generating capacity declined by a net 1,124 MW in September, as 1,185 MW of new operating capacity went online and 2,309 MW of capacity was permanently retired, according to S&P Global Market Intelligence data. A total of 15 generation units were completed, while seven units were retired. Wind accounted for 84.8%, […]

October 30, 2019 Read More →

Navajo Generating Station manager acknowledges economic rationale for closing the massive coal plant

Navajo-Hopi Observer: On Aug. 26, the last coal train delivered its cargo to the Navajo Generating Station, completing a cycle that had been in place since the 1970s when the plant first began operations. According to Joe Frazier, plant manager at NGS, the plant is in the process of burning down the final coal pile […]

October 9, 2019 Read More →

Shutdown begins at 2,400MW Navajo Generating Station in Arizona, Unit 3 taken out of service

Bloomberg Environment: The largest coal plant in the West has shut down one of its three units, marking another step in the plant’s now nearly certain demise. “Unit 3 is indeed offline and will likely remain so unless absolutely needed,” said Scott Harelson, a spokesman for the Salt River Project, which operates the 2,400-megawatt Navajo […]

September 23, 2019 Read More →
IEEFA U.S.: Bill to incentivize federal reinvestment in tribal regions of Arizona suggests a model for coalfield communities nationally
and

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 →
and

IEEFA U.S.: Extend solar tax credit to benefit Navajo Nation and communities hit by U.S. coal sector decline

Clean energy investment can provide revenue for schools, health, and economic growth

September 5, 2019 (The Hill) ‒ No place is being hit harder by the decline of the U.S. coal-fired electricity generation industry than northern Arizona, where Navajo Generating Station will close in December. Its fuel-source, the Kayenta Mine, shut down at the end of August. Combined, the power plant and the mine employ, or employed, […]

and September 6, 2019 Read More →

IEEFA op-ed: Navajo Nation bid to buy bankrupt coal company makes no economic sense

NTEC plan to acquire Cloud Peak Energy recalls failed Kayenta Mine proposal

August 27, 2019 (The Hill) ‒ A push by a Navajo Nation-owned company to purchase the Montana and Wyoming assets of bankrupt Cloud Peak Energy comes at the worst possible time to buy into the U.S. coal industry — a sector that is sinking fast. Several holes in logic within the proposal by the Navajo […]

August 28, 2019 Read More →
IEEFA: Proposed Navajo acquisition of bankrupt U.S. coal company is an ill-timed gamble
, , and

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 […]

Navajo company to buy bankrupt Cloud Peak coal mines in Wyoming

Gillette News Record: Cloud Peak Energy Corp., one of the Powder River Basin’s largest coal mine operators, has accepted a bid from Navajo Transitional Energy Co. to buy “substantially all of Cloud Peak Energy’s assets.” Cloud Peak announced the sale Friday, which will be considered for approval by the U.S. Bankruptcy Court on Monday. Navajo […]

August 19, 2019 Read More →