Navajo Transitional Energy Co. (NTEC) has acquired a 7% ownership interest in units 4 and 5 of the Four Corners Power Plant (FCPP). NTEC purchased the interest from 4C Acquisition LLC (4CA), an affiliate of Arizona Public Service Co., which operates the FCPP. The agreement was executed at the end of June, and the transaction closed on July 2. As a result of the transaction, NTEC, a business wholly owned by the Navajo Nation, becomes an owner of a coal-fired power plant, a first for a Navajo Nation enterprise.
Read the Whole Article in our Digital Edition