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Possible reprieve for New Mexico coal plant is a surprise for PNM
Utility Dive: The fate of the San Juan coal-fired plant appeared sealed last year when New Mexico regulators unanimously accepted PNM's Integrated Resource Plan (IRP), which called for closing the plant in 2022 and a complete exit from coal by 2031. But the city of Farmington says it has found a way to keep the plant operating — even as new analysis indicates there are cheaper options available.
In a statement issued Sunday, Mayes said the city and Acme "are finalizing the details of their agreement and will begin negotiations with other owners to transfer their interests in the station."
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