Navajo Nation President Ben Shelly signed a $1.3 billion lease extension July 30 for the Navajo Generating Station, according to a statement from the Navajo Nation.
The deal boosts yearly payments to the Nation from $3 million to $43 million.
The extension, which runs through 2044, now goes to NGS owners for signatures and then to the Department of Interior for final approval. The original lease is scheduled to expire in 2019.
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