New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 15, 2013
15:07 EDTPNMPNM Resources says deal reached for potential new path forward for SJGS
PNM Resources’ New Mexico utility, PNM, the N.M. Environment Department and the U.S. Environmental Protection Agency agreed to pursue a revised plan that could provide a new path forward for San Juan Generating Station, or SJGS, to comply with federal visibility rules, the company said. The terms agreed to would result in the retirement of SJGS Units 2 and 3 by the end of 2017, and the installation of selective non-catalytic reduction technology on the remaining two units in early 2016. The terms of the plan primarily focus on how SJGS would meet the regional haze rule, but also include a natural gas plant to be built in the Four Corners region to partially replace the capacity from the retired coal units. Detailed replacement power strategies would be finalized separately from the haze agreement. The company believes adequate replacement power alternatives will be available to meet PNM’s remaining generation needs and ensure reliability. The terms of the non-binding agreement would require several additional actions before becoming final, PNM said.
News For PNM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 29, 2014
07:31 EDTPNMEPA approves revised state plan for PNM's San Juan generating station
PNM Resources' New Mexico utility, PNM, praised Friday’s decision by the U.S. Environmental Protection Agency approving a revised state plan to comply with federal environmental rules that calls for closing two of four units at the San Juan Generating Station, a coal-fired power plant located in the Four Corners area of northwestern New Mexico. Implementation of the revised plan would result in a significant reduction of water use and emissions at the plant and a 30% reduction of coal in PNM’s portfolio. The revised plan was proposed 18 months ago by PNM, the N.M. Environment Department and EPA representatives, with encouragement from N.M. Gov. Susana Martinez and the Navajo Nation President Ben Shelly, as a cost-effective approach for complying with federal haze regulations. Importantly, the revised plan will also put New Mexico well down the path toward compliance with new carbon regulations proposed by the EPA in June.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use