Energy Glance
The U.S. Department of Energy issued an emergency order late Tuesday to keep an aging Colorado coal plant open, just one day before it was slated to close.
The plant — Unit 1, part of Craig Station, in Moffat County — is now required to keep running until March 30, 2026. The order can also be extended.
The move drew a furious response from the governor’s office and environmental groups, who contest whether an emergency even exists that would require the plant to stay open.
Governor Polis said the order would lead to a huge spike in costs to repair the plant, which may be borne by customers of Tri-State Generation and Transmission Association, a cooperative operating the plant to deliver electricity to rural communities in Nebraska, New Mexico, Wyoming and Colorado.
“This order will pass tens of millions in costs to Colorado ratepayers, in order to keep a coal plant open that is broken and not needed,” Polis said in a statement.
“Ludicrously, the coal plant isn’t even operational right now, meaning repairs — to the tune of millions of dollars — just to get it running, all on the backs of rural Colorado ratepayers!”
The Trump administration has said it is immediately pausing all leases for offshore wind farms already under construction, in the heaviest blow yet to an industry that the administration has relentlessly targeted throughout the year.
Two fossil-fuel billionaires with close ties to Donald Trump bought millions of shares in the company they co-founded just days after a meeting with senior White House officials, who then issued a key regulatory permit that helped expand the company’s fortunes in Europe.
International Atomic Energy Agency (IAEA) Director General Rafael Grossi said on Friday that an IAEA team is “crisscrossing” Ukraine to assess the security of the country’s nuclear substations, as Russia continues to target Ukraine’s energy infrastructure.
Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply, people with knowledge of Saudi's oil operations told CNN Business.
Solar power shines bright in California, and wholesale energy prices prove it. Last winter and early spring’s dependence on solar drove wholesale energy prices to negative prices, according to the U.S. Energy Information Administration.
