Jemez Co-op Power Sales Slide Drastically

    Jemez Mountains Electric Cooperative’s largest commercial account, Kinder-Morgan won’t be opening in the 2021 fiscal year.
    The oil and gas company that operates in the northern part of the state told Co-op managers it has no plans to reopen this year, Co-op general Manager Ernesto Gonzales said in the Co-op’s monthly board meeting.
    In January 2020 Kinder Morgan made up 6 percent of the Co-op’s revenue with $281,000. This year it made up 1 percent with only $39,000.
    The monthly financial books also compared January of this year to January of last year. Last January the economic outlook for the Co-op looked very different. More people are now at home, large industries are closed and smaller businesses are only now beginning to partially open.

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