If Enchant Energy Corp. can retrofit the aging, carbon-belching San Juan Generating Station with state-of-the-art carbon-capture technology, it plays out like a classic Hollywood ending for Farmington and the Four Corners: Save the jobs, save the town, save the world.
But there are a lot of challenges in this script, according to recent stories by Journal reporter Kevin Robinson-Avila.
Under the state’s controversial Energy Transition Act, Public Service Company of New Mexico and its co-owners will abandon the circa 1970s coal-fired electric plant in favor of cleaner and cheaper energy sources.
But that move will eliminate between 450 and 500 local jobs and deal a heavy blow in lost tax revenue to the region. Enchant Energy, a private, out-of-state firm, plans to acquire the plant for free from Farmington and turn it into the largest carbon-capture and sequestration plant in the country.