2 groups back away from plan on New Mexico power plant

Flexible Coal

ALBUQUERQUE, N.M. (AP) - Two of the half-dozen organizations that endorsed a utility's plan to shut down half of a coal-fired power plant in northwestern New Mexico are pulling out.

The Albuquerque Journal reports that Renewable Energy Industries Association and New Mexico Independent Power Producers no longer support the agreement with Public Service Co. of New Mexico.

The organizations say the cost of PNM's plan for the San Juan Generating Station appears greater now. They also cite the Farmington Electric Utility System's decision against a planned purchase of additional power from the plant.

PNM executives told regulators last week that the utility miscalculated projected costs for continuing to run San Juan.

According to the executives, clerical errors in tabulating coal prices could add $367 million to ratepayers' costs over 20 years.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...