Click the link to read the article on The Farmington Daily Times website (John R. Moses). Here’s an excerpt:
The City of Farmington announced it has ended the plan it began years ago to acquire the San Juan Generating Station and run it with a partner.
The announcement Dec. 20 followed a loss during arbitration hearings Dec. 14 that the city called a “catastrophic blow” to the partnership between it and Enchant Energy.
Farmington Mayor Nate Duckett said a strategy employed by Public Service Company of New Mexico (PNM) and other plant owners to dismantle key parts of the facility during decommissioning work got the go-ahead from a panel of arbitrators – a panel the city had hoped would instead put a hold on equipment auctions.
“Given PNM’s and the other co-owners’ actions to quickly dismantle SJGS, and the panel’s recent decision to allow them to do so, we have arrived at a point where those actions directly undermine the viability of successful implementation of the Carbon Capture Project,” Duckett said in the press release issued by the city Tuesday afternoon.
