Declaring that the “era of coal is over,” Los Angeles Mayor Antonio Villaraigosa said the city is accelerating its departure as part-owner of the Navajo Generating Station.
California law requires the Los Angeles Department of Water and Power to stop using energy produced from burning coal by 2019, but the utility’s board of directors voted to negotiate final terms for selling its share to the Salt River Project, which is a co-owner and operator of NGS.
Hoping the accelerated timetable will bring more cash for its 21 percent share of the plant, LADWP officials are aiming to have a deal done by the end of 2015.
For the complete article see the 04-03-2013 issue.
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