San Juan Generating Station

IEEFA Research

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

Four projects totaling 950 megawatts will replace San Juan Generating Station; likelihood of coal plant carbon-capture retrofit further diminished

October 12, 2020 (IEEFA) — An aggressive expansion into utility-scale solar by Public Service Company of New Mexico will replace all of the power PNM will lose when the coal-fired San Juan Generating Station (SJGS) closes in June 2022, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. PNM’s […]

and October 12, 2020 Read More →
IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

Barriers include recent failure of similar experimental project, oppositional market forces, no known investors, no customer base, nowhere to sequester emissions

Sept. 16, 2020 (IEEFA) — The proposed retrofit with carbon capture technology of a coal-fired power plant in San Juan County, N.M., shows dwindling chances of success, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The analysis concludes that the plan is most likely a lost […]

IEEFA U.S: An ‘elegant, simple, and fair’ coalfield reinvestment formula for greater Arizona

IEEFA U.S: An ‘elegant, simple, and fair’ coalfield reinvestment formula for greater Arizona

Utilities would contribute: APS ($286.2 million), Salt River Project ($247.8 million), Tucson Electric Power ($151.2 million), Arizona Power Electric Co-Op ($40.8 million)

March 24, 2020 (IEEFA U.S.) — Arizona utility company reinvestments of $726 million in coalfield community modernization would serve the economic interests of Arizonans across the board, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The brief, A Coalfield Reinvestment Formula for the Grand Canyon State, describes […]

IEEFA report: The case for utility-company reinvestment in Arizona’s coalfield communities

IEEFA report: The case for utility-company reinvestment in Arizona’s coalfield communities

Statewide risk as fast-moving transition sweeps across power-generation industry

March 2, 2020 (IEEFA) — Arizona utility companies that are closing coal-fired power plants must reinvest aggressively in regional coalfield communities in order to avoid local economic disarray that could affect the state’s overall financial health, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report—The Case (and the […]

IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

‘Rational investors or regulators’ are unlikely to back Enchant Energy

Feb. 12, 2020 (IEEFA) — A proposal to turn the San Juan Generating Station in northwestern New Mexico into a carbon-capture project is doomed by core flaws in the business model put forth by its promoter, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report, Enchant’s Proposed CCS […]

IEEFA U.S.: 13 questions on Navajo Transitional Energy Company’s proposed acquisition of bankrupt Cloud Peak’s Montana and Wyoming mines

IEEFA U.S.: 13 questions on Navajo Transitional Energy Company’s proposed acquisition of bankrupt Cloud Peak’s Montana and Wyoming mines

Little transparency and no tribal-government participation

Aug. 30, 2019 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis raises questions about whether a Navajo Transitional Energy Co. (NTEC) bid to buy a bankrupt coal company’s assets is prudent, whether it was put together properly and if it is in line with NTEC’s responsibilities to […]

IEEFA update: High-risk carbon capture deal not in New Mexico city’s best interest

Policy reversal in Farmington, N.M., overlooks market shortcomings, long-term liabilities and credit rating impact

Aug. 13, 2019 (IEEFA U.S.) — The municipality of Farmington, New Mexico is courting needless risk in its consideration of a long-shot plan to turn the aging San Juan Generating Station into a carbon-capture experiment, concludes a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report — High-Risk Carbon-Capture Deal Is Not […]

IEEFA U.S.: Carbon-capture pitch raises ‘false hope, fiscal risk’ for New Mexico town

IEEFA U.S.: Carbon-capture pitch raises ‘false hope, fiscal risk’ for New Mexico town

Company tied to New York vulture capital ‘not a credible business partner;’ Enchant Energy Corp. seeks $5.8 million federal grant for itself and associates

July 12, 2019 (IEEFA) — A novice company’s push to create a partnership with the City of Farmington, N.M., that would attempt to turn a closing coal-fired power plant into a carbon capture experiment would put the town at financial risk, concludes a report published today by the Institute for Energy Economics and Financial Analysis. […]

IEEFA New Mexico: Ratepayer Risk Seen in Utility’s Entanglements With Westmoreland Coal

IEEFA New Mexico: Ratepayer Risk Seen in Utility’s Entanglements With Westmoreland Coal

The Company That Supplies the Failing San Juan Generating Station Is in Deep Financial Peril

Feb. 2, 2018 (IEEFA) — An energy-market expert for the Institute for Energy Economics and Financial Analysis has filed an affidavit in support of a New Mexico group that is asking the state’s utility commission to investigate ratepayer risk in the financial relationship between Public Service Company of New Mexico and Westmoreland Coal Co. A […]

February 2, 2018 Read More →

More News and Commentary

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now
, and

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

New Mexico regulators approve utility’s replacement power plans for closing San Juan coal plant

S&P Global Market Intelligence ($): The New Mexico Public Regulation Commission on Dec. 2 unanimously approved agreements between Public Service Co. of New Mexico and renewable energy developers for solar power paired with battery storage projects, as well as amendments to existing solar-plus-storage agreements. During a virtual meeting, the five commissioners approved, without changes, a […]

December 7, 2020 Read More →
IEEFA U.S.: Decline in coal exports adds to Navajo-owned company’s problems

IEEFA U.S.: Decline in coal exports adds to Navajo-owned company’s problems

Weak demand and low prices are likely creating steep losses for NTEC

U.S. coal exports to Asia—once heralded as the saving grace for struggling coal producers in the western United States—are facing new strains from low prices and weak demand in the wake of the global COVID-19 crisis.  In its third-quarter financial statement released earlier this month, Westshore Terminals in British Columbia, the primary terminal for U.S. thermal coal […]

Spain’s Iberdrola makes $4.3 billion cash bid for PNM Resources in New Mexico

Reuters: Spain’s Iberdrola announced a deal worth $8.3 billion including debt on Wednesday, adding PNM Resources to its Avangrid business to create the third-largest U.S. renewable energy operator. Absorbing PNM into Avangrid will create an operator present in 24 states, Iberdrola said, and bring together firms with a combined market value topping $20 billion. PNM’s […]

October 21, 2020 Read More →
IEEFA: New Mexico’s biggest utility moves forcefully toward solar
and

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

Four projects totaling 950 megawatts will replace San Juan Generating Station; likelihood of coal plant carbon-capture retrofit further diminished

October 12, 2020 (IEEFA) — An aggressive expansion into utility-scale solar by Public Service Company of New Mexico will replace all of the power PNM will lose when the coal-fired San Juan Generating Station (SJGS) closes in June 2022, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. PNM’s […]

and October 12, 2020 Read More →
IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture
, and

IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

Barriers include recent failure of similar experimental project, oppositional market forces, no known investors, no customer base, nowhere to sequester emissions

Sept. 16, 2020 (IEEFA) — The proposed retrofit with carbon capture technology of a coal-fired power plant in San Juan County, N.M., shows dwindling chances of success, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The analysis concludes that the plan is most likely a lost […]

New Mexico regulators approve all-renewable replacement power option for San Juan coal plant

Albuquerque Journal: The state Public Regulation Commission unanimously approved an all-renewable energy plan Wednesday morning to replace the coal-fired San Juan Generating Station near Farmington. The 5-0 decision sets in motion plans for Public Service Company of New Mexico to sign power purchase agreements with third-party providers to build 650 megawatts of solar farms in […]

July 30, 2020 Read More →

French developer sees opportunity in using U.S. coal plant transmission infrastructure for solar projects

Energy News Network: A utility-scale solar developer is acquiring land rights near U.S. coal-fired power plants, hoping the facilities will close sooner than expected and open up lucrative transmission connections. Photosol US, a subsidiary of a French company, has purchased options near plants in Nebraska and Kansas, as well as the San Juan Generating Station […]

July 14, 2020 Read More →
IEEFA U.S.: Utilities are now skipping the gas ‘bridge’ in transition from coal to renewables

IEEFA U.S.: Utilities are now skipping the gas ‘bridge’ in transition from coal to renewables

New strategies in Arizona, Colorado, Florida and New Mexico signal an abrupt break with fossil fuels

Last week was a momentous one in the U.S. utility sector’s transition from fossil fuels to renewable power generation. Utilities in three states announced plans to close one or more of their coal plants and build new renewables—without adding any new gas-fired generation to serve as a “bridge.” Two of the three proposals, from Tucson […]

IEEFA webinar: Financial risks of carbon capture for coal-fired power plants, June 17th at 1 p.m. ET

Much ado has been made over the potential of Carbon Capture and Storage (CCS) technology to reduce carbon emissions by permanently storing or recycling the captured CO2 for use in Enhanced Oil Recovery.  Several proposed projects, most notably the Kemper plant in Mississippi, were canceled because they were uneconomic. To date, only two CCS projects […]