PNM scraps pipeline plan near Navajo Nation
New Mexico’s largest utility announced that it has shelved plans for a new $100 million pipeline and natural gas plant project in San Juan County near the Navajo Reservation.
PNM scraps $100M gas plant plan
ALBUQUERQUE, N.M. — Public Service Company of New Mexico, the state’s largest electric utility, has withdrawn from regulatory consideration a plan to build a $100 million natural gas plant and pipeline in San Juan County.
In a conference call with investors last week, PNM said it was abandoning the proposal due to lower-than-expected energy demand projections.
PNM halts plans for San Juan County gas plant, pipeline
The state’s largest electric utility has halted plans to develop a natural gas plant and pipeline in San Juan County, saying Friday that energy demand is lower than expected and the project isn’t necessary.