Market Overview

PNM Announces Unanimous Approval for Revised Plan for San Juan Generating Station

PNM Resources' (NYSE: PNM) New Mexico utility, PNM, praised
a decision by the New Mexico Environmental Improvement Board approving a
state plan that provides a new path forward for San Juan Generating
Station to comply with federal environmental rules.

Following a public hearing, the state board unanimously approved a
proposal from the N.M. Environment Department that would lead to the
retirement of two of San Juan's four coal-fired units by the end of
2017, and the installation of nitrogen-oxide reducing technology on the
remaining two units in early 2016. The plan still requires approval from
the U.S. Environmental Protection Agency before it becomes final. That
process is expected to take about a year.

See full press release

Posted-In: News Guidance Contracts Management Global

 

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