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Paul talks with Peter Mandelstam, Chief Operating Officer, of Enchant Energy about the company’s plans to add carbon capture technology to San Juan Generating Station. Enchant Energy is working with the City of Farmington to acquire a 95% interest in the plant which is currently operated by PNM.
Paul visits with Peter about the progress Enchant Energy has made to date, as well as the challenges ahead that must be overcome if the project is to raise the capital to add the carbon capture technology that would allow San Juan Generating Station to continue to operate past the 2022 date that PNM is seeking for closure.
Issues discussed include the jobs and tax revenue that would be maintained by keeping the plant open, the federal tax credits that will be used in financing the carbon capture technology, and how the retrofitted plant would comply with New Mexico’s Energy Transition Act.