Navajo
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CoalNavajo Nation Ends Bid to Acquire 2.3-GW Coal Plant
After a Navajo tribal council on March 21 voted 11–9 to block acquisition of the Navajo Generating Station (NGS) and Peabody Energy’s Kayenta coal mine, the Navajo Transitional Energy Co. (NTEC) announced it would drop its bid to keep the 2.3-GW coal-fired plant near Page, Arizona, open. NTEC, a company wholly owned by the Navajo […]
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CoalCompanies End Effort to Buy Navajo Generating Station
The companies negotiating to purchase the largest coal-fired power plant in the southwestern U.S. have ended their pursuit, which means the 2,250-MW Navajo Generating Station (NGS) near Page, Arizona, remains scheduled to close by year-end 2019. Avenue Capital, a New York-based global investment firm focused on distressed assets, and Chicago-based Middle River Power on September […]
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Coal
Potential Navajo Station Operator—Less Capacity Equals More Profit
The possible new operator of the largest coal-fired power plant in the western U.S. told Arizona regulators this week the company would run the Navajo Generating Station (NGS) at less than half its installed generation capacity in order to maintain profitability. An official for Illinois-based Middle River Power (MRP) also said the plant would operate […]
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CoalNavajo Nation Negotiating Sale of West’s Largest Coal Plant
The Navajo Nation on July 12 said it has identified a potential buyer for the 2,250-MW Navajo Generating Station (NGS) in Arizona, the largest coal-fired power plant in the western U.S. The Navajo Nation Council, in a joint news release with the Navajo Nation’s Office of the President and Vice President, said the Hopi Tribe […]
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Coal
Groups Interested in Keeping Navajo Coal Plant in Operation
Peabody Energy on October 2 said several investors are interested in taking over the Navajo Generating Station in Arizona, a coal-fired power plant on tribal land whose current owners, including Salt River Project (SRP), voted earlier this year to close the facility. Peabody’s Kayenta Mine supplies fuel for the plant. Lazard Freres & Co., a […]
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Coal
Interior Dept., Peabody Energy Seek to Keep Coal-Fired Navajo Plant Open
The Navajo Generating Station can continue to be competitive under a reduced-price fuel proposal through 2040, said Peabody Energy, the coal giant which owns a coal mine currently fueling the Arizona plant. The utility owners of the Navajo plant on February 16 voted to shut down the 2,250-MW coal-fired power plant in December 2019. The […]