Risk Grade
Good
Four Corners coal transition county; Farmington seat; coal closure driving NM Energy Transition Act solar procurement; significant emerging pipeline (Escalante 200 MW, Four Corners Solar I 50 MW); Navajo Nation land overlap adds uncertainty; Four Corners interstate transmission provides strong interconnection; declining population (-2.8%) and coal job losses create economic development urgency; improving trajectory as coal replacement policy drives clear procurement; B-grade reflects coal transition tailwind, active pipeline, and improving trajectory offset by Navajo land complexity and somewhat elevated compliance from multiple overlapping authorities