WRA: PNM’s Plans For Retiring San Juan Generating Station Saves Money, Aids Workers, Reduces Pollution
SANTA FE ― Western Resource Advocates commented Monday on the economic and climate benefits that would be realized through plans filed Monday by Public Service Company of New Mexico (PNM) detailing the retirement of the San Juan Generating Station.
“PNM’s abandonment proposal will reduce carbon-dioxide emissions millions of tons per year, develop more than 600 megawatts of renewable energy and battery storage, and invest hundreds of millions of dollars in San Juan County, where the San Juan coal plant will close,” said Steve Michel, deputy director of Western Resource Advocates’ Clean Energy Program. “At the same time, this proposal saves PNM customers over $80 million in 2023. This is all done pursuant to the recently passed Energy Transition Act and shows how good outcomes can be achieved when people work together to solve problems. Going forward, we will be looking closely at the proposal to see what improvements can be made – for example, by locating more renewable energy in San Juan County.”
The Energy Transition Act, landmark legislation that paved the way for the retirement of the aging coal-fired San Juan Generating Station, will ensure that 50 percent of the state’s electricity is renewable by 2030 and 100 percent is carbon free by 2045. That legislation also provides $40 million in economic assistance for workers and others impacted by closure of the San Juan Generating Station and mine. The measure was signed into law by Governor Michelle Lujan Grisham in March 2019.