Executive Summary
The Navajo Transitional Energy Company (NTEC) is proposing to acquire the coalfired Navajo Generating Station (NGS) and its fuel source Kayenta Mine and to continue to operate them after December 2019.
While NTEC has done public presentations roughly outlining its plan for acquisition and subsequent operation of the plant and mine, it has offered little in the way of substantial detail on how it would make the venture profitable.
The plan, such as it is, is rooted largely in speculation and unsupported claims.
The main public information that NTEC has offered on its proposal is a 14-page slide show, “NTEC Strategy for the Acquisition & Operation of Navajo Generating Station and the Kayenta Mine,” presented to the Navajo Nation Council on Feb. 13.
An IEEFA analysis of NTEC’s presentation finds the plan inherently flawed and concludes that it represents an extremely risky gamble.
Please view full report PDF for references and sources.
Press release: IEEFA report: Business case for acquiring failing plant and Kayenta mine poses ‘serious financial risk’ to Navajo Nation