PNM announces goal of 100 percent emission-free electricity by 2040

PNM announced Monday, alongside New Mexico Gov. Michelle Lujan Grisham, that the company set a goal of making 100 percent of its electricity emission-free by 2040, dependent on regulatory approval.

The goal is five years ahead of the state’s goal of 100 percent emission-free electricity by 2045.

“We soon realized that we were not only up for the challenge of 100-percent emissions-free by 2045 but thought we can actually do it five years early while maintaining reliability and affordability for customers,” Pat Vincent-Collawn, PNM Resources chairman, president and CEO, said. “The future is changing fast and here at PNM; we are proud of how far we have come but know there is still so much to be done.”

PNM is the nation’s first large investor-owned utility to set a goal of ensuring all our electricity is 100-percent emissions-free by 2040.

To commemorate the setting of the goal and to celebrate Earth Day, the day on which the company announced its target, PNM is gifting its customers with one free indigenous tree.

“Trees around homes will not only help reduce the amount of energy your home requires, but they also add to your property value, reduce your carbon footprint, improve the air quality, and more effectively catch stormwater runoff,” the company said in a news release.