PNM is moving forward for our state to transition to an emissions free energy economy. This transition requires thoughtful and careful decision-making.
New Mexico can seize the opportunities and overcome challenges that this energy transition offers by taking responsible action only after thoughtful consideration of all available information.
For this reason, PNM has asked the New Mexico Supreme Court to stay the NM Public Regulation Commission’s (NMPRC) order requiring PNM to file a March 1 application for abandonment of the San Juan Generating Station.
PNM believes that requirements in the PRC order to immediately apply to abandon the San Juan Generating Station exceed the NMPRC’s authority.
There are several initiatives before the legislature; among them are the Energy Transition Act, the Renewable Portfolio Standard, Community Solar and Local Choice legislation.
All of these policies will have an impact on our state’s energy landscape. Some of these policies will directly impact how the San Juan Generating Station will be abandoned and what the replacement resources must be.
It is the responsibility of the New Mexico legislature to set energy policy.
“As a state, we all must be diligent in how we address our energy future and work together to be good environmental and community stewards. Our responsibility to our customers and this state includes reflecting the mandates and the goals of new policies that have yet to be decided in this legislative session,” said Ron Darnell, PNM Senior Vice President of Public Policy.
Last November, New Mexico voters turned out in record numbers to elect a new Governor and new legislative majorities to act on their behalf.
We believe this democratic process leads to an environmentally friendly, reliable and affordable clean energy future that is clearly and thoughtfully implemented to serve all New Mexicans.
The State is on track to get this transition right. A transition that will affect New Mexico’s environment, economy, and energy outlook for decades to come.
Following our December 31 notice filing, the Commission chose to open a new docket and asked parties from the previous docket and from the Integrated Resources Plan to provide comment on the compliance filing and opinion on whether PNM should be required to initiate an abandonment filing.
On January 30, the Commission ordered us to file an application by March 1 with testimony in support of abandonment and the status of replacement power alternatives.
We requested that the Commission reconsider the order, noting the reasons against forcing a premature and incomplete filing by March 1 since updated information required to compile the filing is not yet available or finalized. Although parties provided responses last week, the case is not on the Commission’s agenda for Wednesday’s open meeting.
If the Commission does not address the motion today, it will be deemed denied by operation of law. We promptly petitioned the New Mexico Supreme Court for an immediate stay.
With headquarters in Albuquerque, PNM is the largest electricity provider in New Mexico, serving 525,000 customers in dozens of communities across the state.
PNM is a subsidiary of PNM Resources, an energy holding company also headquartered in Albuquerque. For more information, visit PNM.com.