ALBUQUERQUE, New Mexico — Two groups that agreed to support Public Service Co. of New Mexico's plan to shut down half of the coal-fired San Juan Generating Station near Farmington are withdrawing from the deal.
The Albuquerque Journal reports (http://bit.ly/1DZku1q) the Renewable Energy Industries Association and New Mexico Independent Power Producers say they can no longer support the agreement.
They were two of the six organizations that signed an agreement last October to back the plan to replace the lost electricity from coal with a mix of nuclear, natural gas and solar power.
The groups say the cost of the plan appears greater now than originally reported by PNM.
They also say a co-owner at the plant is withdrawing from a tentative deal to acquire an extra 65 megawatts of capacity at San Juan.
Information from: Albuquerque Journal, http://www.abqjournal.com
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