Bankruptcy judge orders Talen Energy to produce plan for Colstrip
A federal judge has given Talen Energy one month to produce a reasonable proposal for the future of Colstrip Power Plant, one that won’t leave the generator’s other owners in the lurch as the company’s bankruptcy proceeds.
U.S. Bankruptcy Judge Marvin Isgur of Texas told Talen that it cannot expect Colstrip’s five other owners to put energy plans on hold as Talen’s bankruptcy plays out.
“I am not going to have folks in Montana or in Seattle without reliable power in accordance with applicable law,” Isgur said on Tuesday during a hearing that was later posted on the Houston court’s docket. “I'm not going to let the bankruptcy case have that effect.”
At issue is where the power plant’s majority owners will be getting their energy in the future. Four owners with a combined 70% stake in Colstrip’s surviving units face deadlines in Oregon and Washington to cut the cord on coal power. The earliest deadline is Dec. 31, 2025. Owners Avista Corp., of Spokane, Puget Sound Energy, of Bellevue, Portland General Electric and PacifiCorp, based in Eugene, are all building new generation projects for a post-Colstrip era.
Read more: https://missoulian.com/news/bankruptcy-judge-orders-talen-energy-to-produce-plan-for-colstrip/article_9c270298-0112-5893-8931-765cd72cc448.html