PNM abandons plans for $100 million gas plant

PNM Building

ALBUQUERQUE, N.M. (AP) – The state’s largest electric utility says it’s dropping plans to build a $100 million natural gas plant and pipeline in San Juan County because of low projections for energy demand.

The Albuquerque Journal reports the Public Service Company of New Mexico filed a motion to withdraw its application for the project with the Public Regulation Commission on Friday.

PNM President Pat Vincent-Collawn told investors during a conference call last week that demand projections for the project haven’t been as high as the company previously predicted.

The 80-megawatt plant was intended to replace energy lost from next year’s closure of two units at the coal-powered San Juan Generating Station.

PNM spokesman Pahl Shipley says the company could still revive the proposal in the future. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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