Ownership Shakeup at Colstrip Coal Power Plant
The post Ownership Shakeup at Colstrip Coal Power Plant appeared first on POWER Magazine.
NorthWestern Energy said it will file an application with the Montana Public Service Commission for pre-approval to acquire Puget Sound Energy’s (PSE’s) 25% interest in Colstrip Unit 4, which is a 740-MW coal-fired boiler. The price? $ 1.
“Securing more capacity for only a $ 1 investment is a unique opportunity that helps give us the time to continue transitioning to an even cleaner energy future without putting either our customers’ safety or their ability to pay their energy bills at risk,” Bob Rowe, president and CEO of Sioux Falls, South Dakota-headquartered NorthWestern Energy, said in a statement.
NorthWestern Energy serves electric and natural gas customers in three states: Montana, Nebraska, and South Dakota. In what appeared to be an effort to fend off criticism for adding more coal-fired generation to its portfolio, NorthWestern also announced it is committing to reduce carbon intensity of its energy generation in Montana by 90% by 2045.…