New Mexico Public Regulation Commission accepts PNM’s Integrated Resources Plan
The New Mexico Public Regulation Commission (NMPRC) has accepted energy company PNM’s Integrated Resources Plan (IRP), which clears a path to eliminate coal-fired generation by 2031.
“We are very pleased that the Commission has accepted our Integrated Resource Plan,” Pat Vincent-Collawn, PNM Resources’ chairman, president, and CEO, said. “Through the implementation of this plan, more than half of PNM energy would be emission-free by 2023, increasing to nearly 70 percent emission-free by 2032. The plan lays the groundwork for New Mexico to become a leader in sustainable energy.”
The roadmap outlines retirement of the remaining units at the San Juan Generating Station by the end of 2022, PNM’s exit from its 13 percent participation in the Four Corners Power Plant when the existing coal-supply agreement expires in 2031, as well as solar and wind energy additions, along with the potential for energy storage capacity.
PNM is required to produce and file an IRP with the NMPRC every three years, officials said, with the energy company evaluating various existing and potential options for energy resources over the next 20 years to determine the most cost-effective mix to support reliability and environmental responsibility.
As a condition of a previous settlement, the utility is also required to make a compliance filing before the end of 2018 regarding the future of the San Juan Generating Station. PNM expects to complete the filing by the required timeframe.
