ALBUQUERQUE, N.M. — Public Service Company of New Mexico says all its electric generation will be carbon-free by 2040, five years earlier than required under the state’s new Energy Transition Act.
PNM President, Chairman and CEO Pat Vincent-Collawn announced a plan to accelerate its clean-energy goals Monday afternoon during an event at the Indian Pueblo Cultural Center. Gov. Michelle Lujan Grisham, members of the state’s U.S. congressional delegation, and local and state officials attended the event, timed to coincide with Earth Day.
The Energy Transition Act, which the state Legislature passed this year and the governor signed into law, requires New Mexico’s public utilities to derive 50 percent of their electricity from renewable resources by 2030 and 80 percent by 2040, followed by a transition to completely carbon-free generation by 2045.