Navajo Nation company ends bid to buy power plant, mine
(WorldNews Business)

ALBUQUERQUE, N.M. (AP) - One of the largest coal-fired power plants in the West will close this year as planned after a Navajo Nation company ended its long-shot bid Friday to acquire it. The Navajo Generating Station has operated for decades in northeastern Arizona near the Utah border, providing a hefty chunk of revenue to the Navajo Nation. Both the Navajo and the neighboring Hopi Tribe benefit from the Kayenta Mine, which feeds the 2,250-megawatt power plant, transporting the coal on a rail line. Navajo leaders asked the Navajo Transitional Energy Company last year to look into acquiring the power plant and the coal...