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Moving forward from the coal plant and applying the Energy Transition Act will protect ratepayers, Four Corners communities, and New Mexicans’ way of life
Santa Fe, NM (April 1, 2020) – A large coalition of New Mexico community, faith, tribal, and environmental advocates today welcomed the New Mexico Public Regulation Commission’s (PRC) decision to approve Public Service Company of New Mexico’s (PNM) request to abandon or exit the San Juan Generating Station and use low-interest bonds through the Energy Transition Act (ETA) to finance its remaining investment in the plant. The Commission voted unanimously to approve both the abandonment and financing orders.
