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Thursday, July 02, 2009
PNM Files Energy Plan With State Regulators
Associated Press
New Mexico's largest electric utility has filed a plan with state regulators that spells out how it will meet the state's requirement for renewable energy in 2010.
Public Service Company of New Mexico said Thursday it will use a combination of solar, wind, biogas and purchases of renewable energy credits to meet the requirement that 6 percent of energy be generated from renewable resources.
In 2011, the requirement jumps to 10 percent.
To meet the higher percentage, PNM stated in its filing with the Public Regulation Commission that it's working to secure agreements to construct about 70 megawatts of combined wind and solar generation facilities.
PNM President and Chief Executive Officer Pat Vincent-Collawn said a key emphasis for the plan is the balance between cleaner sources and affordability.
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