Negotiations between New Mexico's largest electric utility and the Navajo Transitional Energy Co. could determine whether the tribe acquires a stake in one of the Southwest's few remaining coal-fired power plants.
Public Service Co. of New Mexico officials say the negotiations over the Four Corners Power Plant are in their final stages. The New Mexico utility would be able to divest itself from the plant as early as 2024 and the Navajo company would get up to $75 million for exiting early. New Mexico regulators must approve any deal between the tribal company and the utility.
The Kayenta coal mine in northeastern Arizona shut down last year, along with the power plant it supplied. Coal from that mine used to light up Las Vegas…
A coal company has furloughed or laid off 101 workers at a Wyoming mine, citing reduced energy use during the coronavirus pandemic. Navajo Transitional…