comparemela.com

Latest Breaking News On - Great falls republican - Page 10 : comparemela.com

Senate Republicans advance Colstrip bill, which critics say burdens NorthWestern ratepayers

TOM LUTEY Despite continued warnings about burdening consumers with Colstrip Power Plant debt, Senate Republicans moved forward Tuesday with a bill shielding NorthWestern Energy from financial losses associated with the troubled plant. Lawmakers voted 30-19 Tuesday to approve Senate Bill 379, which obligates customers of NorthWestern Energy to paying off the undepreciated book value of the power plant regardless of whether Colstrip Power Plant continues to operate. The bill also provides a formula for determining the customer debt for additional shares, rather than basing the debt on what NorthWestern actually paid for additional ownership. Simply put, Colstrip Power Plant and NorthWestern’s investment in it are in trouble. Four of the power plant’s other owners, with a 70% majority advantage, face coal power bans in Washington and Oregon starting in 2025.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.