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A Chicago-based company in negotiations to take over a coal-fired power plant in northern Arizona said it would run the generating station at less than half its existing capacity to ensure it’s economical, a company official said Aug. 21.
A Chicago-based company said June 7 it is putting together a proposal to buy the coal-fueled Navajo Generating Station, a move that could forestall the plant’s scheduled closure in late 2019 and save hundreds of jobs and funding for Native American tribes.
The potential investors of a coal-fired power plant in northern Arizona have been identified as a New York-based firm that focuses on distressed companies and one of its subsidiaries in the utility business.
There is noise on and off reservation to save Navajo Generating Station and Peabody Mine, to save 800 high paying jobs and revenues.
Until last month it was still uncertain, but last week we confirmed the Navajo Generating Station (NGS) will be allowed to operate until Dec. 22, 2019.
A coal mining company looking to save the Arizona power plant it feeds from closure says it’s making progress in the search for new owners. But few details came with a deadline Oct. 1 to identify potential buyers for the Navajo Generating Station near Page.