FARMINGTON — Farmington and Enchant Energy are one step closer to keeping the San Juan Generating Station open after 2022.
During a special meeting on Aug. 15, the City Council unanimously approved transferring 95 percent of the San Juan Generating Station to Enchant Energy after the city inherits the power plant.
The Farmington City Council meeting can be viewed online at fmtn.org.
Agreement paves way for negotiations
Enchant Energy Board Chairman Larry Selch and Farmington Mayor Nate Duckett sign an agreement, Thursday, Aug. 15, 2019, transferring 95 percent ownership of the San Juan Generating Station to Enchant Energy in 2022. (Photo: City of Farmington)
The agreement is a necessary step for Enchant Energy to complete various negotiations.
Enchant Energy Board Chairman Larry Heller said the next steps include:
- negotiating with PNM on water, land, right of way and access to transmission
- continuing discussions with the tax equity financing community
- reviewing a draft project labor agreement that it has with the state’s construction trades council
finalizing a coal purchase contract
finalizing contracts with companies interested in buying carbon dioxide.“We probably have seven or eight large paths that we have to follow,” Heller said. “All of which we’ve begun.”