Farmington, N.M. • Farmington city officials on Friday signed an agreement with a company that proposes outfitting the coal-fired San Juan Generating Station with carbon-capture technology in an effort to extend the power plant’s life beyond its planned closure in 2022.
Under the agreement, the city would keep its 5% share in the plant and Enchant Energy Corp. would acquire a 95% ownership interest from other utilities that will be divesting in the plant.
Public Service Co. of New Mexico plans to shut down the facility as it moves toward a 2040 emissions-free goal and the state begins implementing a new energy law aimed at transitioning to more renewable resources.