Navajo Nation agrees to coal-power plant extension

Published on NewsOK Modified: February 16, 2013 at 2:12 pm •  Published: February 16, 2013
Advertisement
;

PHOENIX (AP) — The Navajo Nation has reached an agreement in extending a lease for a coal-power plant that would give the tribe a substantial boost in annual payments.

The proposed agreement, posted Friday on the tribe's website, is for a 25-year lease that will expire in 2044 and will increase lease payments from $3 million a year to $45 million a year to the tribe.

The original lease allows the owners of the power plant to extend it without the approval of the Navajo Nation, but plant operator Salt River Project says it wanted to gain the tribe's support before taking the lease extension to the U.S. Department of the Interior.

Navajo Nation spokesman Erny Zah says the tribe took advantage of the negotiations as a way to gain more favorable terms.

The Navajo Nation Council has not scheduled a vote.



Trending Now


AROUND THE WEB

  1. 1
    Report: Caron Butler close to two-year deal with Detroit Pistons
  2. 2
    It’s harder to be a poor student in the U.S. than in Russia
  3. 3
    Man fatally stabbed in west Tulsa early Sunday
  4. 4
    How brain imaging can be used to predict the stock market
  5. 5
    Bridenstine tours Fort Sill, satisfied with facility's transparency
+ show more