Another Colstrip co-owner speeds up exit of coal plant

COLSTRIP — A co-owner of the Colstrip power plant has accelerated its exit plan by a decade and pledged $3 million to help the community transition away from the economics of coal according to Q2.

Avista Corp., one of six plant owners, announced Thursday its plans to cut off investments into Colstrip in 2025 as part of a settlement plan with utility regulators in Washington state.

Spokane, Wash.-based Avista had initially targeted an exit date between 2034 and 2036 for units 3 & 4, the plant's two newest units.

Colstrip has struggled against pushes to increase investment in renewable energy in the Pacific Northwest, where the plant sells the majority of its power, and rising competition from cheap, abundant natural gas. Find the full details by following this link