BILLINGS, Mont., July 12, 2016 /PRNewswire/ -- Talen Montana, LLC and the five other owners of
the Colstrip Steam Electric Station (Puget Sound Energy, Avista
Corporation, Portland General Electric Company, NorthWestern
Corporation and PacifiCorp) have reached a proposed settlement in a
lawsuit filed in 2013 by Sierra Club and the Montana Environmental
Information Center under the Clean Air Act.
"The proposed consent decree, if approved by the United States
District Court for the District of Montana, would resolve the
litigation against all four Colstrip units and provide liability releases
to the owners of all four units," said Charles Baker, general manager, Talen Montana.
The core elements of the proposed settlement include a
commitment to cease operations of Units 1 and 2 on or before
July 1, 2022, and liability releases
for the owners of all four units, without requiring monetary
payments to the plaintiffs. Apart from outright dismissal of all
claims against Units 3 and 4, those units are not affected by the
proposed settlement.
Aside from the July 1, 2022
deadline in the proposed settlement, there is no formal plan or
timeline currently in place for retiring Units 1 and 2.
Talen Montana is an affiliate of
Talen Energy (NYSE: TLN). Talen
Montana is one of six owners of the 2,094-megawatt
Colstrip plant, and operates the
plant on behalf of the owners' group. Talen Energy is one of the
largest competitive energy and power generation companies in
North America. Our diverse
generating fleet operates in well-developed, structured wholesale
power markets. To learn more about us, visit
www.talenenergy.com.
Colstrip Steam Electric Station:
- Units 1 and 2: 307 megawatts (net) each, online in 1975
and 1976, respectively
- Ownership: 50% each by Puget Sound Energy and Talen Montana
- Units 3 and 4: 740 megawatts (net) each, online in 1984
and 1986, respectively
- Ownership: Puget Sound Energy, 25% each; Portland General
Electric, 20% each; Avista, NorthWestern and Talen Montana, 15% each (Talen Montana and NorthWestern share 30% in
Units 3 and 4 respectively under a reciprocal sharing agreement);
PacifiCorp, 10% each.
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Media
contact:
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Todd L.
Martin
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(570)
542-2881
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todd.martin@talenenergy.com
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/settlement-reached-in-colstrip-environmental-litigation-pending-court-approval-300297584.html
SOURCE Talen Montana, LLC