PNM files ownership plan, coal supply deal with regulators

ALBUQUERQUE, N.M. (AP) - New Mexico's largest electric provider says it's on track to meeting a deadline for submitting to regulators key documents related to the future of the coal-fired San Juan Generating Station.

Public Service Co. of New Mexico says it filed an agreement detailing the future ownership makeup of the plant, a coal supply contract and a purchase and sale agreement for San Juan Mine between BHP Billiton and Westmoreland Coal Co.

Some of the power plant's owners still are reviewing the restructuring agreement, but PNM expects to have those signatures by Aug. 1.

The state Public Regulation Commission wanted to review the agreements before making a final decision on a plan to shut down part of the power plant and fill the void with a mix of other power sources.


Subscribe to Power Engineering magazine



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

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...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...