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New Mexico''s PNM charts course to decarbonization by 2040 in

After closing the San Juan coal-fired power plant in 2022 and exiting Four Corners in 2024, more than two-thirds of PNM''s energy will come from renewable energy, according to the 2020 IRP.

PNM''s 2025 renewable energy plan proposes cheaper renewable

The plan proposes slightly cheaper renewable energy charges that PNM customers pay. Currently, PNM''s tariff rate is $0.008 per kilowatt-hour. PNM''s plan would decrease that to $0.0071 per kilowatt

PNM''s 2025 renewable energy plan proposes cheaper renewable

Sep. 10—A hearing starts Wednesday to consider the Public Service Company of New Mexico''s 2025 renewable energy plan. The plan proposes slightly cheaper renewable

Customer Solar Program

The PNM Customer Solar Energy Program helps our customers save money and support their commitment to renewable energy. The PNM Customer Solar Energy Program is available to any PNM residential or business customer that installs a qualified solar energy system and has it interconnected to the PNM power grid.

Avangrid Statement on PNM Resources, Inc. Merger

ORANGE, Conn.--(BUSINESS WIRE)-- AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM). "Since 2020, Avangrid, a national leader in clean energy, has fought to gain approval of its merger

PNM Resources 2019 Sustainability Report

requiring investor-owned utilities to achieve 40% renewable energy by 2025, 50% by 2030, and 80% by 2040, while also protecting customers and workers in the transition to clean energy. Going forward, our resource planning will achieve dramatic reductions in

Fuel Cost Adjustment

However, they are not available at all times of the day or night, so PNM uses a blend of traditional and renewable energy sources to meet our customers'' energy needs 24/7. The New Mexico Public Regulation Commission (NMPRC) approves our recovery of these fuel costs through the Fuel Cost Adjustment charge on your bill.

2025 Renewable Energy Act Plan

Electricity Rates IRP Grid Modernization Plan Application 2024 Electric Energy Efficiency and Load Management Program Plan 2025 Renewable Energy Act Plan Case-No-23-00071-UT Regulatory Customer Notice for the 2026 Resource Case NO. 23-00353-UT

PNM inundated with companies seeking clean energy

It''s the sixth solar farm built by PNM and third-party developers since 2018 to directly provide Facebook with 100% renewable-based electricity to run its operations in Valencia County, where the social media giant is investing $2 billion to build out an enormous data storage and processing complex that will eventually employ 400 permanent workers housed in eight

2024 Electric Energy Efficiency and Load Management Program Plan

Electricity Rates Grid Modernization Plan Application 2024 Electric Energy Efficiency and Load Management Program Plan 2025 Renewable Energy Act Plan Case-No-23-00071-UT Regulatory Customer Notice for the 2026 Resource Case NO. 23-00353-UT

Major wind power company to acquire PNM | Energy Central

Oct. 22--For 103 years, much of the state has had a local power company in the Public Service Company of New Mexico. But local control could soon be coming to an end. Pending numerous regulatory approvals over the next year, Connecticut-based sustainable energy company Avangrid on Wednesday announced its intention to acquire PNM''s parent company, PNM

AVANGRID and PNM Resources Announce Merger Plans

Strategic transaction furthers AVANGRID''s growth in both clean energy distribution and transmission - expands leadership position in renewables All Cash Offer for PNM Resources shares at $50.30 per share – $8.3 billion enterprise value transaction Creates one of biggest clean energy companies in the US with ten regulated utilities in six states and third

BEFORE THE NEW MEXICO PUBLIC REGULATION

PNM''s Application asks the Commission to approve its 2025 Plan, including the following new or continued approvals: • Approval of PNM''s 2025 Plan; • Approval to reset the rate for PNM''s Renewable Energy Rider, Rider No. 36 ("Rider 36") to $0.0071734/kWh,

EDITORIAL: PNM, PRC need a real emergency plan to avert

So what are the short- and long-term power plans as we transition to renewable energy? New Mexicans deserve answers from PNM and the PRC well beyond turning power off to consumers. This editorial

2025 Renewable Energy Act Plan

The purpose is to provide you with notice of the PNM Application for Approval of its 2025 Renewable Energy Act Plan and Rider No. 36. The notice describes the Public Regulation

PNM Underscores ESG Strategy with Additional Plan to Reduce

ALBUQUERQUE, N.M., March 12, 2021 /PRNewswire/ -- PNM, the wholly-owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), has enhanced its plan to exit the coal-fired

PNM Resources Completes Sale of Renewable Joint Venture

ALBUQUERQUE, N.M., Feb. 27, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) has completed the sale of its 50% ownership interest in its renewable joint venture, New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC. PNM Resources and American Electric Power (AEP), which also owns 50% of NMRD, have agreed to sell the

THE PNM GRID MODERNIZATION PLAN: Questions and

The grid modernization program provides greater reliability, helps our customers save money and energy usage, and facilitates New Mexico''s vision for a sustainable energy future. Grid

Solar, battery storage options approved for PNM to replace coal

The state''s Energy Transition Act, signed into law March 2019, set a statewide renewable energy standard of 50% by 2030 and a goal of 80% by 2040, with 100% carbon-free

Avangrid axes USD-8.3bn deal for PNM as regulatory action

A USD-4.3-billion (EUR 3.92bn) merger between US sustainable energy company Avangrid Inc (NYSE:AGR) and New Mexico-based utilities holding PNM Resources In A USD-4.3-billion (EUR 3.92bn) merger between US sustainable energy company Avangrid Inc and New Mexico-based utilities holding PNM Resources Inc has collapsed after failing to secure final

Supreme Court denies PNM renewable energy incentive

However, the court found, as had the PRC, that the company''s plan did not meet the requirements for an incentive, writing: "[The utility] seeks a reward— not an incentive — for renewable resources or energy that it already has produced or acquired beyond the

2025 Renewable Energy Act Plan

2025 Renewable Energy Act Plan Case-No-23-00071-UT Regulatory Customer Notice for the 2026 Resource Case NO. 23-00353-UT PNM Approved Forms Case No 24-00207-UT 2025raterequestredirect

PNM is first in the nation to detail its path to carbon-free electricity

In its recently submitted Integrated Resource Plan (IRP), PNM became the first energy company in the nation to provide a detailed plan on how it will transform its electric

Renewable Energy

New Mexico Public Regulation Commission and Renewable Energy in New Mexico The Public Regulation Commission reviews and approves renewable energy procurement plans and reports of Investor Owned Utilities ("IOU''s") and Rural Electric Cooperatives ("Coops") pursuant to the Renewable Energy Act ("REA"), 62-16-1 et seq. NMSA 1978 and Title 17.9.572 NMAC ("Rule

PNM requests ''grid modernization'' initiative to upgrade system

Oct. 4—Public Service Company of New Mexico is preparing to overhaul its power grid, installing new "smart meters" and revamped infrastructure that could help restore blackouts and implement new renewable energy projects. In a Monday filing with the state Public Regulation Commission, the company requested to embark on a six-year "grid modernization" effort with $344 million in

PNM

6 continuing to develop strategies to provide reliable and affordable power; transforming the PNM generation portfolio to 100% emissions-free resources by 2040; preparing PNM''s system to meet New Mexico''s increasing renewable energy resourcestandards as cost

New Mexico''s Energy Transition Act

power has been bought by PNM, which should help bring PNM closer to its ETA goals. 166 MW of the La Joya electricity will go to Facebook''s data center in Los Lunas, while an additional 140 MW will increase the percentage of renewables on PNM''s grid,

AVANGRID and PNM Resources Announce Merger Plans

About PNM Resources: PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, NM, with 2019 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,811 megawatts of generation capacity and provides electricity to approximately 790,000 homes and businesses in New

PNM proposes 6-year, $344M grid modernization plan including

Dive Brief: Public Service Co. of New Mexico on Monday filed a six-year, $344 million grid modernization plan that includes rolling out smart meters to all of its 530,000 customers in the state