PNM's exit from Four Corners coal plant in limbo - Albuquerque Journal

PNM’s exit from Four Corners coal plant in limbo | Business | abqjournal.com

Public Service Co. of New Mexico could remain tied to the coal-fired Four Corners Generating Station for seven more years following a state Supreme Court decision Thursday that upheld a regulatory decision to reject PNM’s plan to exit the facility in December 2024.

The state Public Regulation Commission ruled in December 2021 against a PNM proposal to sell off its 13% stake in the coal plant to the Navajo Transitional Energy Co. The PRC said at the time that PNM didn’t provide enough details about renewable resources to replace the 200 megawatts of electricity it receives from Four Corners, complicating the commission’s ability to fully evaluate the costs and benefits of abandoning the plant.