PNM looks to close coal-fired San Juan plant (if they get a rate increase from the PRC)

Santa Fe, NM –  PNM is beginning the process to plan for a permanent shutdown of the coal-fired San Juan Generation Station by 2022. The SJGS is responsible for generating nearly 60% of the state’s power, but it relies on coal power and a nearby coal mine PNM purchased last year to support it. PNM proposed two scenarios for future power production: one to keep the plant in operation after 2022, the other to close it and shift to a larger renewable portfolio.  But, PNM added a catch: the scenarios supporting closing the plant are tied to PNM’s latest rate increase request to the PRC which asks for electricity rates to increase by as much as 14% for New Mexico customers. “I want to stress that is only a preliminary finding regarding our San Juan Generating Station,” Vincent-Collawn told the Albuquerque Journal.