Utah lawmakers OK tweaks to law aimed at keeping coal plant alive

Utah lawmakers on Wednesday amended a law aimed at keeping the state’s largest coal-fired power plant in operation to ease concerns raised by the Intermountain Power Agency (IPA).  

power supply revenue bonds in 2022 to begin financing cleaner energy generating units. Last year, another $835 million of bonds, rated Aa3 by Moody’s Ratings and AA-minus by Fitch Ratings, were sold.

The Los Angeles Department of Water and Power, the nation’s largest municipal utility, is the IPA’s biggest power purchaser, as well as its operating agent and project manager. An IPA official has said the transition to natural gas and hydrogen will allow the agency’s California power purchasers to meet their state and local renewable and clean energy targets and requirements. 

IPA, a state of Utah political subdivision organized in 1977, has 23 Utah municipalities as members.