Environmental Project

Rising costs, delays continue to impact projects to replace San Juan Generating Station
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The costs of replacing the electricity that Public Service Company of New Mexico will pay has increased and solar projects have been delayed. On Friday, PNM asked the New Mexico Public Regulation Commission to approve amendments to the San Juan Solar project’s power purchase agreement and energy storage agreement. These amendments include both a new completion date and new price with project developer D.E. Shaw Renewable Investments, or DESRI. Commissioners approved on order on a 4-1 vote on Wednesday allows for a hearing should any of the intervenors file an objection. Because of the time constraints, objections must be filed by noon this Friday.