Nevada coal plant to close by 2025
By Keith Ridler, AP
BOISE, Idaho — State officials have approved an Idaho utility company’s plan to close a coal-fired power plant in Nevada about 10 years ahead of schedule and raise monthly bills for customers to cover depreciation costs.
The Idaho Public Utilities Commission announced Monday a settlement with Idaho Power to close the North Valmy Generating Station near Valmy by 2025.
The company said closing the plant early will save customers money because a decrease in market prices for electricity has made the plant uneconomical except when energy demands surge during extremely hot or cold weather.