November 2012 - Aspen Skiing Co. (SkiCo) has partnered with Oxbow Corp. to develop a power facility at Oxbow's Elk Creek Coal Mine. The facility takes vented methane gas from the mine, cleans and compresses the gas, runs the gas through three 1-megawatt generators and sells the resulting electricity into the Holy Cross Energy electrical grid. The power produced by the project equals roughly 24 million kilowatt-hours (kWh) of electricity. SkiCo has historically required 27 million kWh to power the company's four ski areas.
SkiCo initially made a $5.5 million investment in the development of the power plant in early 2012. As a result of this investment, SkiCo will receive 12 percent of the energy revenues of the project and expects to recoup its initial investment in seven years.
News Article -
SkiCo Unveils Region's First Methane-Fueled Power Plant