One way to retire coal plants: Buy out the owner

GREEN TECH MEDIA | In 2016, New Mexico’s Kit Carson Electric Cooperative exited its long-standing power supply relationship with Colorado’s Tri-State Generation and Transmission Association.

Kit Carson paid nearly $40 million to sever its relationship with Tri-State after realizing it could save its customers even more money — $50 million to $70 million — and gain access to more renewables by contracting with Guzman Energy, a wholesale power provider. Since Kit Carson made a run for the door, numerous other Tri-State members have considered making the same move.

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