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The San Juan Generating Station is pictured Monday, April 19, 2021, in Waterflow. Enchant Energy faces “insurmountable” obstacles as it works to acquire the San Juan Generating Station and retrofit it with carbon capture technology, according to David Schissel, director of resource planning analysis for the Institute for Energy Economics and Financial Analysis. Schissel authored a report released on Thursday looking at the lack of investors and progress on the project. He said his key message is that the project has not made much progress and that investors are “clearly skeptical.” He said there are likely insurmountable economic issues and that the community near the San Juan Generating Station should be prepared for the power plant to close, which will lead to lost jobs and lost tax revenue.

United statesNew mexicoSan juan mineDavid schisselInstitute for energy economicsMexico institute of miningEnergy imbalance marketUs department of agricultureEnchant energyUs department of energyWhile enchant energyEnergy transitionPublic service company of new mexicoNational environmental policySan juan generating stationEnergy economics