PNM Resources, Inc. : EPA Grants a 90-Day Stay for San Juan Generating Station
07/03/2012| 01:20pm US/Eastern
Appropriate Alternatives for Meeting Visibility Requirements to Be
PNM Resources' (NYSE: PNM) New Mexico utility, PNM, yesterday was
notified that the Environmental Protection Agency granted a 90-day stay
in the effectiveness of the federal plan for San Juan Generating Station
to meet visibility requirements of the Clean Air Act in New Mexico.
"Yesterday's announcement provides a fresh opportunity to consider
alternative approaches to meet the regional haze requirements at San
Juan Generating Station," said Pat Collawn, PNM Resources chairman,
president and CEO. "We believe the state plan works for the environment
and for the people in our state, but we are open to other balanced
approaches that consider customer costs, environmental benefit, and the
economic impact to the citizens of the state, particularly the Four
Corners Region. We welcome this new development and look forward to a
collaborative effort to identify effective alternatives for moving
Two different plans were developed for New Mexico to meet regional haze
requirements of the Clean Air Act: one by the state and the other by the
EPA. Both plans meet the requirements of the Clean Air Act, but
provisions of EPA's plan related to San Juan Generating Station are
estimated to cost significantly more than the state's plan, with almost
no discernible difference in visibility.
On Oct. 21, 2011, the New Mexico Environment Department (NMED) and New
Mexico Governor Susana Martinez petitioned EPA to issue a stay of the
implementation of the federal plan. On Sept. 16 and Oct. 21, 2011, PNM
petitioned EPA to issue a stay of the rule. On April 26, 2012, Gov.
Martinez sent a letter to EPA Administrator Lisa Jackson reiterating the
state's request for a stay and encouraging consideration of alternative
At the same time, PNM has taken its case to federal court to appeal
EPA's mandate. The Governor of New Mexico and the NMED are also in
federal court appealing EPA's decision to adopt a federal plan. The
court has not yet ruled on the matter.
PNM Resources (NYSE: PNM) is an energy holding company based in
Albuquerque, N.M., with 2011 consolidated operating revenues of $1.3
billion, excluding First Choice Power. Through its regulated utilities,
PNM and TNMP, PNM Resources has approximately 2,550 megawatts of
generation capacity and serves electricity to more than 735,000 homes
and businesses in New Mexico and Texas. For more information, visit the
company's Web site at www.PNMResources.com.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
Statements made in this news release that relate to PNM's expectations,
projections and estimates are made pursuant to the Private Securities
Litigation Reform Act of 1995. Readers are cautioned that all
forward-looking statements are based upon current expectations and
estimates and PNM assumes no obligation to update this information.
Jimmie Blotter, 505-241-2227
© Business Wire 2012