Navajo Coal Plant Slated for Closing Identifies Potential Buyers

The Navajo Generating station, the largest coal-fired power plant in the U.S. West, has identified a group of potential investors with financing that may avert a planned 2019 shutdown.

Four utility owners of the 2,250-megawatt plant, led by Salt River Project, are seeking to unload the costly facility before environmental regulations force them to invest in expensive retrofits and repairs. Beth Sutton, a spokeswoman for the plant’s sole fuel provider Peabody Energy, declined to name the potential investors, citing confidentiality concerns.

Shuttering the plant could put Peabody’s nearby Kayenta coal mine out of business and would be an economic blow ...