© 2022 MTPR
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Montana News

Colstrip Co-Owner Offers $4.5M To Help Town Move From Coal

Power plant at Colstrip, MT.
Beth Saboe
/
MontanaPBS
The Colstrip Power Plant consists of four separate coal-fired generating units, collectively owned by Puget Sound Energy, Talen Energy, Avista Corporation, PacifiCorp and NorthWestern Energy.

BILLINGS, Mont. (AP) — One of the six owners of the Colstrip power plant is offering $4.5 million in transition funding to the Colstrip community in anticipation of the coal-fired plant shutting down.

The Billings Gazette reports that Colstrip Mayor John Williams agreed to the funding by Spokane, Washington-based Avista Corp., which is being bought by Hydro One of Ontario, Canada, for $5.3 billion.

The two older units of the power plant are scheduled to shut down by mid-2022.

Avista is a part owner in Colstrip's two newer power generating units, which are not yet scheduled to shut down. Avista officials and another owner, Puget Sound Energy, have said they would be financially ready to close down the plant by the end of 2027.

The Montana Public Service Commission is holding a hearing on the Avista-Hydro-One merger Thursday.
___

Information from: The Billings Gazette, http://www.billingsgazette.com
 

Related Content