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Stock Market & Financial Investment News

News For PNM;PNM;PNM From The Last 14 Days
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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.

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