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.

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