FARMINGTON, N.M. — A natural gas and photovoltaic power plant that a Colorado-based company plans to build in New Mexico will be a boon for San Juan County’s property taxes.
When the Four Corners Generating Station closed three of its coal-burning units in 2013 and BMP sold its coal mine to the Navajo Nation, the county began losing an estimated $1 million annually in property and gross receipts taxes.
The San Juan Generating Station is scheduled to shutter two of its coal-burning units in 2017 to meet federal emission standards.
Documents from Western Energy Partners show its planned 750-megawatt power plant would pay the county up to about $9 million a year in property taxes.
The company plans to build the power plant in Waterflow. It’s scheduled to begin operation in mid-2019.
Information from: The Daily Times, http://www.daily-times.com
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