'Considerable progress' cited in negotiations on coal plant

By The Associated Press

Navajo Nation officials and the Navajo Generating Station's managing owner express optimism about reaching an agreement soon to keep the coal-fired power plant operating through 2019.

 

PHOENIX (AP) — Navajo Nation officials and the Navajo Generating Station's managing owner express optimism about reaching an agreement soon to keep the coal-fired power plant operating through 2019.

The Salt River Project and the tribe say they've made "considerable progress" in negotiations on a replacement lease, which would preserve jobs and revenue for the Navajo Nation and the Hopi Tribe.

The plant's owners cited availability of less expensive power from natural gas when they announced in February they plan to close it in December 2019 when their lease expires.

A 2019 closure would be preceded by a decommissioning period that would involve shutting the plant this year.

A replacement lease for operations through 2019 could delay decommissioning or allow the tribe or others to acquire the plant and keep it in operation.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs