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Rob Port Podcast: “The Plant is Worthless Without the Power Line.”

Last week, Great River Energy (GRE) announced they would be shutting down the Coal Creek power plant decades before the end of the plant's useful life. This decision was confusing, because as far as coal plants go, Coal Creek is one of the most productive, and lowest-cost generators in the entire United States, according to S&P Global. GRE has claimed they are open to selling the plant, but have not found any buyers. It appears this is because GRE wants to keep the large, high voltage power line that transports the electricity generated in North Dakota to customers in Minnesota, but...

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Great River Energy’s Coal Creek Closure Reliant Upon $105 Million in Taxpayer Subsidies Per Year

Last week, Great River Energy (GRE), a large umbrella company for many of Minnesota's electric co-ops, announced they would be prematurely closing the Coal Creek power plant at the end of 2022 and replacing it with a mixture of wind power purchase contracts from 1,100 megawatts (MW) of newly-constructed wind projects, and buying electricity from other companies when the wind isn't blowing. GRE has said its will be a boon for its customers. However, this plan relies heavily on $105 million in annual federal tax subsidies, which simply shift the costs from Great River Energy's customers, to tax payers. In the...

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