In 2017, majority owner and operator Public Service Company of New Mexico (PNM) announced that the coal-fired San Juan Generating Station was too expensive to operate and that the last two of the plant’s four units would be retired in 2022, rather than operating until 2053. On-the-ground communities and advocates had long since called attention to the plant’s expense as well as its damage to health, air and our climate.
In 2019, New Mexico passed the Energy Transition Act (ETA) to build on PNM and Tucson Electric’s closure decision by low-interest bonds to save customers money and provide economic transition funding to plant and mine workers and the community. About $40 million in funding through the Energy Transition Act has ...
