San Miguel County Agenda 2026-06-09
San Miguel County Moves Forward on $1.79B IRB for Palomas Power Wind Project
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Description
San Miguel County is initiating the process to issue up to $1.79 billion in industrial revenue bonds for Palomas Power LLC, a Pattern Energy project, to finance a major wind farm development. The Resolution adopted sets in motion public notice and further legal steps toward bond issuance, with a term of up to 30 years.
Contract Details
Contract Amount
Not to exceed $1,785,600,000 (aggregate principal of bonds)
Vendor
PALOMAS POWER LLC
Agency
Housing Authority of the county of San Miguel, NM
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Up to 30 years
Renewal Date
2056-07-14
Renewal Info
Resolution and notice adopted June 9, 2026; ordinance to be considered July 14, 2026; bond term up to 30 years.
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Related Contracts
Torrance County Administrative Meeting Agenda May 2026
PENDINGSan Miguel County Board of County Commissioners Regular Meeting Agenda May 2026
APPROVEDIssuing Agency
Housing Authority of the county of San Miguel
Local Housing Authority
Las Vegas, NM
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