Tools to Help Plan For and Fund a Just & Equitable Transition From Fossil Fuel Power Plants and Mining

Happening Now

Coal plants are closing in increasing numbers and earlier than scheduled times. Surprise announcements of plants closing before scheduled retirement are occurring. Although this is great news in terms of reducing greenhouse gas emissions, utilities, regulators, legislators, and communities have often been caught off guard and do not have a plan nor the funds for a Just & Equitable Transition for communities.

 

As this transformation accelerates and more coal power plants and coal mines close, we need to assure the well-being of affected families and communities.

Just & Equitable Transition requires that we balance local interests, efficiencies, economics, and people as we pursue strategies to grow and clean our power systems.

 

How to Secure Transition Funds

Many communities, states, and the federal government are now taking action to plan for and mitigate the impacts this transformation has on communities. A strong lesson from the historical examples of coal transitions is there are difficult processes, and can often leave long-lasting effects on individuals, regions, and communities.

This site offers general resources on just transition as well as specific examples of testimony and legislation that attempts to ensure that transitions are just and equitable.

Among the lessons learned from communities already transitioning from coal power plants and/or mines is the importance of early inclusive planning for transition funds such as:

1) Community revenue replacement

2) Worker redeployment, retraining, and bridge funds

3) Reclamation and remediation

4) Sustainable economic development

5) Siting replacement power in or near affected communities

Case Studies of Just & Equitable Transitions

Centralia, WA

Centralia Coal Plant.png

Colstrip, MT

Colstrip%20Power%20Station_edited.jpg

San Juan County, NM

San Luis Obispo, CA

diablo_edited.jpg
 
 

Examples of Legislation and Testimony Used for a Just & Equitable Transition

State

Legislation

Proceedings & Reports

Arizona

California

Public Utilities Commission
Order Instituting Rulemaking to Review, Revise, and Consider Alternatives to the Power Charge Indifference Adjustment.

Colorado

Iowa

Iowa Utilities Board on August 1, 2019, Docket RPU-2019-0001

On Behalf of Environmental Law & Policy Center and Iowa Environmental Council

Minnesota

PUC Docket No. E015/GR-16-664
In the Matter of the Application of Minnesota Power for Authority to Increase Rates for Electric Utility Service in Minnesota

Missouri

Montana

Webinar recording/materials from April 15, 2020 presentation

Presented by Patrick Barkey, Ph.D., the presentation explains the economic role of the Colstrip Steam Electric Station and similar power plants in terms of electricity generation and employment.​

Docket No. D2018.4.24 RE: Colstrip. In the Matter of the Investigation of Federal Tax Reform Impacts on NorthWestern Energy’s Revenue Requirements

New Mexico

NM Public Regulation Commission
Regulatory Considerations on Debt Securitization Financing

South Carolina

Public Service Commission DOCKET NOS. 2017-370-E; 2017-305-E; 2017-207-E

Utah

Maine

Maryland

West Virginia

Wyoming

 
 
 

Presentations from JET Calls 

Date

Presenter

Presentation

Organization

September 2020

Sam Wolf

September 2020

Claire Wang

Green Finance Center

University of Oxford

January 2020

Sara Chandler

Elemental Excelerator

October 2020

Albert Lin

Pearl Street Station Finance Lab

 Donna Brutkoski

RAP

November 2020

RAP

July 2020

Nancy Seidman

Resources

Additional JET Info

Hot Stones
 
 
 

Transformative Finance

  • America’s Power Plan

    • ​This resource library highlights different tools to balance stakeholder interests and facilitate the transition away from uneconomic fossil fuel plants. These briefs provide utility stakeholders with more tools to manage financial transition to balance stakeholder interests, and can help states facing new economic realities embrace clean energy.

  • Transform Finance

    • A global organization with projects and resources that focus on the intersection of finance and social justice. This link takes you to the various videos, articles and resources on Transformative Finance.

 

Finance 101