How a $70 million deal in Northwest Colorado creates a blueprint for future coal plant closures

$70 million is the amount a utility company will pay to a community in Northwestern Colorado when it shuts down a coal plant that drives a large part of the local economy. 

Tri-State Energy plans to close its coal-fired power station, and all three coal mines, in Craig by 2028. The closure comes as Colorado moves to do away with coal-fired power and reduce its reliance on fossil fuels.  

The $70 million payment to Craig and Moffat County sets a precedent. It’s the first time a utility company that closes a coal plant will pay money to address the hole that’s left behind in the local economy.   

Host Erin O’Toole talked with Eli Pace, editor of the Steamboat Pilot & Today and the Craig Press, about how the settlement come together. He’s been covering the settlement and talked about how it creates a blueprint for Colorado communities facing similar shutdowns. 

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KUNC's In The NOCO is a daily look at the stories, news, people and issues important to you. It's a window to the communities along the Colorado Rocky Mountains. The show explores the big stories of the day, bringing context and insight to issues that matter. And because life in Northern Colorado is a balance of work and play, we explore the lighter side of news, highlighting what makes this state such an incredible place to live.