"Navajo Lawmakers OK Lease Extension for NM Plant"

"Navajo lawmakers on Tuesday approved a lease extension for a northwestern New Mexico power plant that means more money for the tribe, sending it to the tribal president for consideration.

The Tribal Council voted 18-2 to extend the lease for the Four Corners Power Plant until 2041. The tribe will receive $7 million a year under the lease that will track with inflation. That's up from an average of $1.5 million the tribe had been receiving annually under the previous lease."

Felicia Fonseca reports for the Associated Press February 16, 2011.

Source: AP, 02/18/2011