Peabody
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CoalNavajo Nation Ends Bid to Acquire 2.3-GW Coal Plant
After a Navajo tribal council on March 21 voted 11–9 to block acquisition of the Navajo Generating Station (NGS) and Peabody Energy’s Kayenta coal mine, the Navajo Transitional Energy Co. (NTEC) announced it would drop its bid to keep the 2.3-GW coal-fired plant near Page, Arizona, open. NTEC, a company wholly owned by the Navajo […]
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Coal
Interior Dept., Peabody Energy Seek to Keep Coal-Fired Navajo Plant Open
The Navajo Generating Station can continue to be competitive under a reduced-price fuel proposal through 2040, said Peabody Energy, the coal giant which owns a coal mine currently fueling the Arizona plant. The utility owners of the Navajo plant on February 16 voted to shut down the 2,250-MW coal-fired power plant in December 2019. The […]
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RenewablesPeabody, Optimistic About Coal’s Future Stability, Seeks Bankruptcy Protection
Financially bruised Peabody Energy Corp.—the world’s largest privately owned coal mining firm—is seeking bankruptcy protection. The St. Louis–headquartered company filed for voluntary Chapter 11 protection in a desperate attempt to strengthen liquidity and reduce debt amid what it says has been an “unprecedented industry downturn.” It filed petitions for most of its U.S. entities in […]