Investor Presentaiton
San Juan Generating Station Consolidated Application
PNM filed a consolidated application for San Juan Generating Station on July 1, 2019:
• Abandonment of remaining capacity in San Juan coal plant (Units 1 and 4)
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Securitization of approximately $361 million includes
estimated undepreciated investment of $283 million
Approval for replacement power; recommended scenario
balances costs, the environment and reliability:
Total MW
San Juan location provides regional property
COST
RELIABILITY
+280 MW tax benefit; ensures reliability while minimizing
new battery technology risks
ENVIRONMENT
+350 MW
+130 MW
Competitively-bid solar contracts include one
of the largest solar facilities in the nation
One of the highest percentages of utility
battery storage integration in the nation.
Timing: NMPRC decision on abandonment and securitization expected by April
2020; decision on replacement power expected by October 2020
PNMResources
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