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Deal moves Colstrip closer to a "post-coal" future
The Montana Public Service Commission approved a sale that moves ownership of the Colstrip Power Plant to a Canadian corporation in a deal that includes a $4.5 million payment to the city of Colstrip as part of an arrangement meant to blunt the impact of the eventual closure of the plant. Commissioners said the deal “appears to be in the public interest, for Montana consumers and the state.”
Xcel steps up date for retirement of two Colorado coal plants
Citing the “historically low” cost of renewables, Xcel Energy is pressing for state approval to close two coal-fired generators in Colorado a decade earlier than planned. The plants, part of the Comanche Generating Station in Pueblo, would be retired in 2022 and 2025 under the proposal, and would be replaced by a pair of existing gas-fired plants, three windfarms and five utility-scale complexes.
Site of Former Coal-Fired Plant in Indiana Set for Redevelopment as a High-Tech Project
The 77-acre site of an abandoned Gary, Ind., coal-fired electricity plant that closed in 2012 is slated to become a national data-storage center. Plans call for five buildings of more than 100,000 square feet each. The project, seen as a “next chapter” for the area, will help restore $4.5 million in tax revenue lost when the State Line plant shut down.
$3 Million in Transition Funding for Colstrip, Montana
In anticipation of the closure of Colstrip Generating Station in Montana, one of the power plant’s owners has pledged $3 million “to help its host community transition beyond coal.” The commitment brings the total in such funding from the station’s owners to $10 million. “Any help is a good thing,” said one advocate for keeping the struggling plant alive. “There’s going to have to be a lot done.”
As Washington state looks for cleaner power, a Montana coal town faces an uncertain future
As market trends continue to shrink the coal industry and plants shut down, communites are faced with the challenge of transitioning. With two of four units closing by 2022, the community of Colstrip, Montana prepares for the phaseout.
Texas Town Faces Transition in January Plant Closure
With the closure of the Sandow Coal Power Plant a few weeks off, the east-central town of Rockdale is trying to come to grips with the loss of hundreds of jobs. The plant is one of three being shuttered by Luminant, the biggest power producer in Texas. “Whatever happens, everyone agrees Rockdale needs to attract more industry and employers.”
2018 Outlook: Another Year of Coal Plant Retirements
A wave of coal-fired electricity plant retirements— in Kentucky, Missouri, Montana and Texas — add to a toll that continues to add up nationally. The closures accelerate a trend in which nearly twice as much coal-generation capacity will be retired in 2018 compared to 2017.
Montana Plant, $2 Million in Arrears on Local Taxes, Will Close Next Year
The owner of a relatively new coal-fired power plant in Montana says it will probably close next year after having lost money since 2014. The closing will affect about 30 people and will put the company, Heorot Power, further behind on $2 million in delinquent tax obligations to local schools and government.
Pennsylvania Coal Town Resembles Many Left in Transition Lurch
Homer City, Penn., is typical of communities facing difficult economic transition as its coal-fired power plant, faces likely closure. “Reality has triumphed over wishful thinking,” says one local coal broker.
In Texas Plant Closings, a National Trend Persists
Two imminent power-plant closings in Texas spell difficulties for a coal mine in Wyoming that depends on those plants for more than its demand. The closures of the Monticello and Big Brown plants by utility company Luminant will add to an expected shutdown in 2018 nationally of more than 13,600 megawatts of coal-fired power, compared with 7,600 in 2017.