NTEC reaches deal to pay taxes on Wyoming coal production

GILLETTE, Wyo. (AP) - The new owner of two Wyoming coal mines has reached an agreement to pay $44 million in local taxes.

The taxes are owed to Campbell County for production at the Antelope and Cordero Rojo mines from the second half of 2017 through the end of 2019.

Navajo Transitional Energy Company bought the mines in 2019 in the wake of the bankruptcy of Gillette-based Cloud Peak Energy.

The Campbell County Commission unanimously approved the tax payment plan with the Navajo tribal company Tuesday.

The agreement calls for NTEC to make one payment right away, then monthly for a year, Campbell County Administrative Director Carol Seeger told the Gillette News-Record.

The company after that will continue to make installments on the balance through the end of 2026.