Navajo Nation

IEEFA Research

IEEFA U.S: NTEC acquisition of aging Four Corners coal plant would constitute ‘another expensive mistake’

IEEFA U.S: NTEC acquisition of aging Four Corners coal plant would constitute ‘another expensive mistake’

Report: Throwing good money after bad in New Mexico

July 15, 2020 (IEEFA) — The Navajo Transitional Energy Company (NTEC) would lose at least $350 million over the next 10 years if it proceeds with a proposal to expand its stake in the ailing Four Corners power plant, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). NTEC, according […]

IEEFA U.S: An ‘elegant, simple, and fair’ coalfield reinvestment formula for greater Arizona

IEEFA U.S: An ‘elegant, simple, and fair’ coalfield reinvestment formula for greater Arizona

Utilities would contribute: APS ($286.2 million), Salt River Project ($247.8 million), Tucson Electric Power ($151.2 million), Arizona Power Electric Co-Op ($40.8 million)

March 24, 2020 (IEEFA U.S.) — Arizona utility company reinvestments of $726 million in coalfield community modernization would serve the economic interests of Arizonans across the board, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The brief, A Coalfield Reinvestment Formula for the Grand Canyon State, describes […]

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 report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

‘Rational investors or regulators’ are unlikely to back Enchant Energy

Feb. 12, 2020 (IEEFA) — A proposal to turn the San Juan Generating Station in northwestern New Mexico into a carbon-capture project is doomed by core flaws in the business model put forth by its promoter, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report, Enchant’s Proposed CCS […]

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 update: Tribal utility-scale solar initiatives emerge across Southwest U.S.

IEEFA update: Tribal utility-scale solar initiatives emerge across Southwest U.S.

As prices fall and markets evolve, deals are in the works on underdeveloped Paiute, Apache and Navajo lands

Oct. 23, 1019 (IEEFA) — Deals for utility-scale solar installations are accelerating on tribal lands in the Southwest U.S., finds a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Tribal Utility-Scale Solar Initiatives Advance Across Southwest U.S., cites the emergence of battery-storage technology, state energy policy changes and […]

and October 23, 2019 Read More →
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 […]

More News and Commentary

Navajo Power CEO sees potential for 10GW renewable buildout on tribal lands as coal plants close

PV Magazine: “We believe you can go to 10 gigawatts of renewable resources” across the Navajo Nation, as coal plant retirements in the area open up transmission capacity, said Navajo Power CEO Brett Isaac, in a pv magazine interview. The Navajo Nation extends across parts of Arizona, Utah and New Mexico. Navajo Power is preparing […]

April 23, 2020 Read More →

IEEFA U.S.: PNM stance on Four Corners spells danger for NTEC

Company’s ill-advised embrace of coal faces growing challenges on all fronts

Given the economic shock enveloping the global economy, financing for coal-related projects will almost certainly become much harder. On top of that, coal use by power plants had already fallen to unprecedented levels in the first three months of 2020, as utilities across the country rushed to take advantage of ultra-low gas prices, now at […]

April 3, 2020 Read More →
IEEFA U.S: An ‘elegant, simple, and fair’ coalfield reinvestment formula for greater Arizona
and

IEEFA U.S: An ‘elegant, simple, and fair’ coalfield reinvestment formula for greater Arizona

Utilities would contribute: APS ($286.2 million), Salt River Project ($247.8 million), Tucson Electric Power ($151.2 million), Arizona Power Electric Co-Op ($40.8 million)

March 24, 2020 (IEEFA U.S.) — Arizona utility company reinvestments of $726 million in coalfield community modernization would serve the economic interests of Arizonans across the board, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The brief, A Coalfield Reinvestment Formula for the Grand Canyon State, describes […]

IEEFA U.S.: Enchant Energy’s carbon-capture project is falling apart
and

IEEFA U.S.: Enchant Energy’s carbon-capture project is falling apart

Market crash effectively kills novice company’s enhanced oil recovery (EOR) plan

A far-fetched proposal by a novice company called Enchant Energy to retrofit the 847‑megawatt San Juan Generating Station with carbon capture equipment rests on the assumption that it would be able to sell the carbon dioxide (CO2) to the oil industry for enhanced oil recovery (EOR) activities. It was a long-shot assumption to begin with, […]

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.: Why exports won’t save American coal
and

IEEFA U.S.: Why exports won’t save American coal

Foreign thermal and metallurgical markets, fickle by nature, don’t account for much to begin with

Data published last week by S&P Global Market Intelligence shows U.S. coal exports fell by 28.1% in the fourth quarter of 2019 compared to the fourth quarter of 2018. That headline number was underscored by an S&P estimate that exports from the Illinois Basin (Illinois, Indiana and western Kentucky) had fallen by 58.7% year-over-year, a […]

and February 28, 2020 Read More →
IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up
, and

IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

‘Rational investors or regulators’ are unlikely to back Enchant Energy

Feb. 12, 2020 (IEEFA) — A proposal to turn the San Juan Generating Station in northwestern New Mexico into a carbon-capture project is doomed by core flaws in the business model put forth by its promoter, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report, Enchant’s Proposed CCS […]

and

IEEFA U.S.: Navajo-owned energy company is in trouble

NTEC, struggling to make a go of Montana-Wyoming coal venture, is on the ropes back home, too

Navajo Transitional Energy Company (NTEC) appeared to have bought into a house of cards last year when it acquired three struggling coal mines in the Powder River Basin (PRB) of Montana and Wyoming. Now comes word that the very foundation upon which the company was created seven years ago, and which was used as a […]

and January 31, 2020 Read More →
IEEFA update: Navajo Nation’s refusal to support NTEC is an act of sovereign responsibility
, and

IEEFA update: Navajo Nation’s refusal to support NTEC is an act of sovereign responsibility

Coal company left owners little choice but to distance tribal government from risky financial bet

News this week that Navajo Nation leaders have terminated agreements to indemnify the Navajo Transitional Energy Company (NTEC)’s acquisition of coal mines in Montana and Wyoming may prove costly to the company, which is trying to finalize its controversial purchase of three bankrupt Cloud Peak Energy mines.  NTEC bought the assets in an ill-advised and […]

Navajo Nation president says NTEC is on its own in purchase of Powder River Basin coal mines

The Salt Lake Tribune: The Navajo Nation will not financially back bonds a tribal energy company needs for a trio of newly acquired coal mines off the reservation, the tribal president said Tuesday, explaining that it’s too risky and his administration wants the company to move away from coal. The Navajo Transitional Energy Co. recently […]

November 13, 2019 Read More →