Pacificorp throws a lifeline to Wyoming coal and natural gas industry
17 Apr 2024
Rob Joyce, director of the
Wyoming Chapter of the Sierra Club, said the plan would add 100 million metric
tons of climate pollution by 2042. It also slashes near-term investments in
cheaper wind and solar, and makes a huge bet on behalf of ratepayers to install
unproven and expensive carbon capture devices on existing coal-fired power
plants.
"To
be increasing emissions, increasing investment in fossil fuels, and putting
hundreds of millions if not billions of dollars towards carbon capture when
we're not 100 % sure if that is actually even going to work is really
dubious," Joyce argued.
PacifiCorp,
the parent company of Rocky Mountain Power, plans to extend the life of the Jim
Bridger coal-fired power plant in southwestern Wyoming until 2039. The plan
also pushes back the retirements of Utah's Hunter plant by at least 10 years,
and the Huntington plant by at least four years. PacifiCorp said it should
deliver significant near-term cost savings to ratepayers.
The
plan also added more natural gas to PacifiCorp's energy portfolio. Joyce
worries Wyoming ratepayers, already tapped by state
lawmakers to pay millions for a carbon capture compliance
surcharge, will end up on the hook.
"We're
going to have to cover the costs of the volatility of new gas resources,"
Joyce pointed out. "The company is saying between $500 million and $1
billion per unit that they put carbon capture on. Those are all things that
they pass on to the ratepayers."
Joyce
noted with a looming 2030 deadline to significantly reduce fossil fuel
pollution in order to avoid the worst effects of climate change, now is the
time to invest big in wind and solar. He added by delaying the expansion of
clean energy resources, PacifiCorp is leaving billions of dollars in Inflation
Reduction Act incentives on the table.
"Right
now we know that solar and wind and even battery storage are cheap and getting
cheaper," Joyce emphasized. "Those are investments that the rest of
the country is making to save ratepayers money."