LADWP Completes Its Sale of Navajo Generating Station to Salt River Project

Represented Los Angeles Department of Water and Power (LADWP) in its sale to Salt River Project Agricultural Improvement and Power District (SRP) of all of its interests in the coal-fired Navajo Generating Station located in Page, Arizona for $15 million, subject to adjustments. As additional consideration, SRP transferred to LADWP all of its interests in the closed Mohave Generating Station located in Laughlin, Nevada.

LADWP is a department organized and existing under the Charter of the City of Los Angeles, California and is the largest municipal utility in the United States, serving over four million residents. SRP is a political subdivision of the State of Arizona and is the oldest multipurpose federal reclamation project in the United States. Today, SRP is one of the nation's largest public power utilities, providing electricity to approximately one million retail customers in a 2,900 square mile service area that spans three Arizona counties.