Operator
Greetings and welcome to the Pinnacle West Capital Corporation 2021 First Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Stefanie Layton, Director of Investor Relations. Thank you. You may begin.
Stefanie Layton
Director of Investor Relations
Thank you, Christine. I would like to thank everyone for participating in this conference call and webcast to review our first quarter 2021 earnings, recent developments and operating performance.
Our speakers today will be our Chairman and CEO, Jeff Guldner; and our CFO, Ted Geissler. Jim Hatfield, Chief Administrative Officer; Daniel Froetscher, APS President and COO; Barbara Lockwood, Senior Vice President, Public Policy; and Jacob Tetlow, Senior Vice President, Operations, are also here with us.
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The Four Corners Power Plant in Waterflow, N.M., near the San Juan River in northwestern New Mexico. (Susan Montoya Bryan/Associated Press)
ALBUQUERQUE, N.M. The coal-fired Four Corners Generating Station near Farmington could become a seasonally operated power plant, potentially reducing facility emissions by up to 25% annually, the plant’s five co-owners announced Friday morning.
The owners agreed to shut down one of the facility’s two generating units for seven months each year beginning in fall 2023, with both units operating only during the peak summer months from June-October.
Plans to keep the plant open through July 2031, when the facility’s coal supply contract with the nearby Navajo Mine expires, remain unchanged, the owners said.