news by location
Plans for a new Colorado energy economy
Plans by Xcel Energy to remake the electricity-generation industry in and around Pueblo, Colo., are being seen as a harbinger of a new energy economy. The company is seeking to close two of three coal-fired power plants in Pueblo and replace them with wind and solar facilities, a change that would create a net total of more than 50 jobs. The county, which has a population of about 165,000 and is strategically situated near major power transmission lines, is “poised to become the renewable energy hub for Colorado and likely the region,” said its director of economic development.
Op-ed: Just transition for rural Colorado
A labor leader lauds Denver’s mayor for an initiative that aims to make the city a renewable energy bastion over the next generation, but urges leaders to invest in rural communities, too, where railroad employees, pipe fitters and power plant specialists are being displaced by the electricity-production transition occurring nationally. “Workers who have toiled in the mines, hauled our coal, and operated our power plants for decades deserve our support as we move towards new ways of generating energy,” writes Joshua Downer of the AFL-CIO.
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.
Coal Company With Mines in Five States Gets a Bankruptcy Reprieve, for Now
A cash infusion from creditors will help stave off bankruptcy for Westmoreland Coal, but the company, which owns mines in five states, is still in trouble. “Westmoreland faces many of the same pressures irritating the coal sector nationwide,” reports a Wyoming newspaper, “including competition from cheap natural gas and environmental regulations that made some older coal units too expensive to keep running.”
Westmoreland Coal Faces Prospect of ‘Selling Off Assets or Closing Some Mines’
Westmoreland Coal, which is based in Colorado and operates in five states, is facing the prospect of having to shrink its core business as it struggles to remain a viable company. “They will have to get rid of some of their debt, get new financing to consolidate things, but also restructure the company to make it more viable for the long-term,” one analyst says. “And it could mean selling off assets or closing some mines.”
Survey: Swing-State Voters Favor Transition to Renewable Electricity Generation
A new survey finds that most voters in five swing states—Colorado, Michigan, Ohio, Pennsylvania and Virginia—favor state policies mandating 100 percent reliance on renewable energy for electricity generation. The survey results “serve as a potential warning to candidates to support renewable-energy policies or face possible voter backlash.”
Coal company with mines in several states is in financial peril
An analysis of Colorado-based Westmoreland Coal shows that it is in deep financial peril, a situation that may affect communities in Montana, New Mexico, Ohio, and Wyoming as the company’s customer base dries up. “The cost inherent in coal-fired power are moving (utilities) away from coal," says the study’s author.
Colorado’s coal economy has not bounced back
Colorado, which has six working coal mines, reports a 6.5 percent reduction in related job gains in 2017 as utility companies in the region shift toward other electricity-generation resources in a transition that is being led by utility giants that include Xcel Energy. One noted expert on energy markets: “A brand new wind farm will be cheaper to run than an already-paid-for coal-fired power plant.”
Op-Ed: Why a Big Utility Is Embracing Wind and Solar
Costs for renewable technologies are decreasing. In Colorado, Xcel will replace two coal-burning units with built from scratch wind and solar plants and still save money.
Xcel Energy receives shockingly low bids for Colorado electricity from renewable sources
"What stands out about the response Xcel received is that wind sources with storage are now cheaper than coal generation, and solar plus storage is now cheaper than about 75 percent of coal generation in the state, according to CarbonTracker."
IEEFA Update: The Saudi Arabia of Solar? American Indian Country
Energy Transition Openings Now in the Four-Corners Region of Arizona, Colorado, New Mexico, and Utah
Colorado Coal-Fired Plant May Shut 17 Years Ahead of Schedule
A Northern Colorado power plant, in Larimer County, could close 17 years ahead of schedule as the result of a review by its owner, the Platte River Power Authority, which is looking at cleaner and more affordable options. The plant is a significant customer of coal producers in the Powder River Basin of Wyoming.
Colorado City Considers Closing Coal Plant a Decade Earlier Than Planned
The City Council has directed Colorado Springs Utility to “analyze possibilities” for closing the city’s coal-fired power plant in 2025, a decade soon than planned. Colorado regulators have ruled that the 80-year-old Martin Drake Power Plant, considered a blight on the downtown area, is out of compliance with air-pollution standards.