Lakeview^^s win is another^^s loss

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The province^^s decision not to build a new power plant on a Lakeview site, an industrial area for more than a century, leaves a big question unanswered: Just where will a new generator go?

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SAN JUAN - One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much.

Acme Equities LLC, a New York-based holding company, is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut it down. The fifth owner, the nearby city of Farmington, says it’s pursuing the bargain-basement deal with Acme to avoid losing about 1,600 direct and indirect jobs in the area.

 

We respectfully disagree with the notion that the plant is not economical

Acme’s interest comes as others…

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