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Costs of coal power plant proposal challenged

August 30, 2014 • State News

ALBUQUERQUE, N.M. (AP) — The state’s largest electric utility is underestimating the costs that will be passed on to customers under a proposal to shut down part of an aging coal-fired power plant in northwestern New Mexico, according to a regulatory filing made Friday by advocates of renewable energy.

The Santa Fe-based group New Energy Economy is accusing PNM of withholding from the Public Regulation Commission key information about the plan’s price tag.

The group contends PNM didn’t include more than a half-billion dollars of ongoing capital expenditures in the calculations and failed to weigh the costs of environmental regulations and the disposal of coal ash waste generated by the power plant.

“It’s about shifting these risks, whether it’s the environmental risks or decommissioning costs, from the shareholders to the ratepayers,” said Mariel Nanasi, Login to read more

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