4CED Quarterly Economic Development Breakfast & Briefing - NTEC

200 West Arrington Street,Farmington NM 87401

13 September, 2022

Description

4CED welcomes Vern Lund, CEO of Navajo Transitional Energy Compnay (NTEC), as the guest speaker at the September 13 4CED Quarterly Economic Development Breakfast. NTEC was formed in 2013 as an autonomous company established under Navajo law with its sole shareholder being the Navajo Nation. NTEC employs roughly 1,400 employees and is the third largest coal producer in the U.S., shipping over 50 million tons of thermal coal per year from its Antelope, Cordero Rojo, and Spring Creek mines in the Powder River Basin of Wyoming and Montana and the Navajo Mine located on the Navajo Nation. Additionally, NTEC owns 7% interest in the 1500MW Four Corners Power Plant, is an investor in Enchant Energy (redeveloper of the San Juan Generating Station) and is a developer and seller of bulk helium through its Tocito Dome operation on the Navajo Nation and has significant helium lease holdings in Utah.