They will propose the plan to the Environmental Improvement Board on September 5 and 6. If the EIB approves it, the Environmental Protection Agency will then approve it. If the EPA approves it, units 2 and 3 would be retired by December 31, 2017. They will also need to come up with a replacement power source. What it will be is still up in the air, but there’s a possibility of a mix of gas fire generation nuclear power. If the replacement is expensive, there’s a possibility PNM will have to ask for rate recovery from the Public Regulation Commission.
PNM has made a commitment not to lay off any workers at the plant. They are also investing $1 million in Navajo Nation workforce training. More