Peabody’s Search for Buyer for Navajo Coal Plant Stalls

first_img FacebookTwitterLinkedInEmailPrint分享Associated Press: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 Sunday to identify potential buyers for the Navajo Generating Station near Page.Peabody Energy spokeswoman Beth Sutton said Monday that private equity firms and power plant operators are interested. She wouldn’t say who, how many or describe the level of interest, citing confidentiality agreements.Peabody hired investment firm Lazard Freres & Co. LLC, to aid in the search. The task now is to narrow the field and work toward definitive agreements with interested buyers by the end of March, Sutton said.It’s a tight timeframe. Contracts must be lined up for decommissioning well in advance. Lease negotiations with the Navajo Nation where the power plant is located and environmental reviews also could take years.Environmentalists say another buyer for the power plant will keep the Navajo Nation locked to coal at a time when utilities increasingly are switching to other sources of power.“We can’t assume this plant will support our economy for long, and it’s time we diversity our economy by building new clean energy projects that provide clean power, create jobs and bring new revenue to our community,” said Nicole Horseherder, of To Nizhoni Ani.The owners of the Navajo Generating Station, including the Salt River Project, voted earlier this year to shutter the 2,250-megawatt plant because energy produced by natural gas was cheaper. The lease signed with the Navajo Nation still needs approval from the federal government and a former plant owner.SRP spokesman Scott Harelson said Monday the utility received a letter from Navajo leaders acknowledging others’ interest in the plant and a commitment to move forward, but the information was little more than what the utility already knew.Both Harelson and a spokeswoman for the Navajo Nation, Meghan Cox, declined to release the letter.“It comes down to timing now,” Harelson said. “If they have serious proposals, they need to get those together and present them as soon as possible. The longer they wait, the more difficult it is.”Navajo Nation President Russell Begaye said in a statement that the tribe is committed to engaging in negotiations with potential owners.Hundreds of Navajos work at the plant and the associated mine near Kayenta. The Navajo and neighboring Hopi tribes rely heavily on revenue from coal operations.Few details after deadline for coal plant ownership interest Peabody’s Search for Buyer for Navajo Coal Plant Stallslast_img read more

Capitals give up fourth hat trick in 5 games

first_img Capitals send message, start Devante Smith-Pelly for first game in Chicago since racial taunts The Capitals are giving up goals in bunches right now.With Maple Leafs center Nazem Kadri’s hat trick in Wednesday’s 6-3 win over the Capitals, Washington has now allowed four hat tricks in its last five games. Nazem Kadri’s hat trick is the fourth the #caps have allowed on their losing streak.— Chris Johnston (@reporterchris) January 24, 2019The Caps have given up a hat trick in three straight. Sharks forward Tomas Hertl put in three on Tuesday and Blackhawks forward Jonathan Toews scored three times Sunday. With Wednesday’s loss to the Maple Leafs, the Capitals have dropped seven games in a row.The Capitals have given up 34 goals on their current losing streak. Predators winger Viktor Arvidsson also tallied three goals in Nashville’s 7-2 win over the Capitals last Tuesday. Related Newslast_img read more