is the amount a utility company will pay to a community in Northwestern Colorado that drives a large part of the local economy.
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 , editor of the and the , 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.
