Miners’ fund will take a hit in bankruptcy of biggest private-company coal company
The insolvency of Murray Energy adds to shortfalls at the Black Lung Disability Trust Fund. A company executive said the hard-earned benefit for miners is “too heavy of a burden.”
Co-owner of Colstrip Power Plant readies a shutdown nine years ahead of schedule
The company is prepared to for closure of the Montana plant by 2025 under a proposal that would include some community-transition money. The plant is the town’s main economic engine.
Commentary: Navajo government refusal to support coal expansion ‘an act of sovereign responsibility’
Tribal officials acted wisely in protecting Navajo Nation from $400 million in cleanup liabilities associated with the ill-advised acquisition of struggling Powder River Basin coal mines, write the authors.
Midwestern county reaps the rewards of wind-powered generation
Atchison County, Mo.—population 5,200—is a textbook study in how a small community can reap tax revenues, lease payments and jobs by partnering with wind energy companies.
$8.6 plant shutdown settlement in Illinois will support reinvestment
As coal-fired plants continue to close, the retirement of one—E.D. Edwards—will include a community transition package from Vistra Energy that suggests a model for similar situations elsewhere.
Federal mine cleanup fund, falling further behind, requires replenishment
Champions of coalfield communities are arguing for more aggressive enforcement of an industry-financed program that has $10.1 billion in cleanup responsibilities but is enormously under-capitalized.
Navajo government backs away from Powder River Basin coal acquisition
Navajo Nation leaders terminated indemnification agreements that are seen as important to the viability of a tribally-owned company buying the Montana and Wyoming mine assets of bankrupt Cloud Peak Energy.
Commentary: Murray Energy bankruptcy raises the transition stakes
“The challenge is to ensure that these policies nurture programs and institutions with lasting effects, rather than merely offering short-term band-aids.”
The only new U.S. coal plant on the drawing board is ‘on the ropes’ already
The proposed Holcomb 2 plant symbolizes a fading industry. Kansas regulators have told developers either to start building it or drop the idea and move on.