FARMINGTON, N.M. (AP) - The sale of a mine in northwestern New Mexico that feeds one of the state’s largest coal-fired power plants is now complete.
Officials with BHP Billiton New Mexico Coal said Monday they have finalized the sale of the San Juan Coal Co. to a subsidiary of Colorado-based Westmoreland Coal Co.
The sale has been a year in the making and was among the factors state regulators considered when deciding whether to move forward with a plan to shut down part of the coal-fired San Juan Generating Station.
The terms of the sale were not disclosed, but officials with the utility that operates the power plant said the completed transaction secures the plant’s coal supply as well as savings on coal costs for its customers.
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