A Chicago-based company says it is putting together a proposal to buy the coal-fueled Navajo Generating Station and save hundreds of jobs and funding for Native American tribes.
Joe Greco, senior vice president of Middle River Power, on Thursday addressed the Central Arizona Water Conservation board. He said his company could operate the plant efficiently and economically for customers.
The board uses power from the plant on the Navajo reservation in northern Arizona to operate a sprawling aqueduct system. It denied Greco's request to delay approval of agreements to buy power from several firms for some of the energy necessary to move Arizona's water, saying it needed to move ahead.
The utilities that own the Navajo Generating Station have decided to shutter it when its lease expires in late 2019.