Two of the four coal-fired generating units at the San Juan Generating Station will be shut down as part of the EPA San Juan Stipulation Agreement. Peabody Energy, which declared bankruptcy in April, owns two coal mines near Grants, which they have tried & failed to sell. Peabody’s shares have dropped in value by 99% since 2008. Meanwhile, PNM Resources, which “owns” PNM, is investing in coal.
