Navajo Coal Plant May Get New Buyer, but Closure Likely: Analysts

Sept. 21, 2018, 7:58 PM

Investors and market watchers are pondering what’s next for the biggest coal-fired power station west of the Mississippi River, a day after its potential savior walked away from the bargaining table.

Four outcomes have emerged for the Navajo Generating Station. But the likeliest is that the plant will shut down when its current lease expires in December 2019, analysts told Bloomberg Environment Sept. 21. It’s still possible, however, that another buyer will step forward to take over the 2,250-megawatt plant outside Page, Ariz.

Indeed, LoRenzo Bates, speaker of the Navajo Nation Council, said in a ...

To read the full article log in. To learn more about a subscription click here.