Coal Plant Closure Bonds Gain Steam With Shift In Power Mix

By Keith Goldberg (March 13, 2019, 7:24 PM EDT) -- A clean energy bill passed by New Mexico state legislators Tuesday allows utilities to issue ratepayer-backed bonds in order to close coal-fired power plants, and experts say the idea is gaining favor as a way for states to accelerate the transition from coal to cleaner electricity sources without soaking ratepayers in the process.

Under the bill sent to New Mexico Gov. Michelle Lujan Grisham's desk, Public Service Co. of New Mexico, the state's main utility, would be able to issue bonds to cover the costs of shuttering a coal-fired plant it co-owns. The bonds would be paid off by non-bypassable charges...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!