New Mexico regulators approve El Paso Electric Transportation Electrification Plan through 2026
New programs and initiatives meant to drum up electric vehicle adoption and infrastructure development across New Mexico won approval from the New Mexico Public Regulation Commission (NMPRC) this week, with authorization of El Paso Electric’s (EPE) latest plans.
The approvals focused on EPE’s Transportation Electrification Plan (TEP), running from 2024 through 2026. Among other things, the plan called for a series of residential initiatives, commercial incentives, construction rebates, research programs and customer outreach efforts. For the residential side, a series of programs intended to incentivize homeowners to adopt EVs and install smart home chargers. Similarly, four different commercial programs will support businesses and public entities alike in encouraging the installation of EV charging stations.
At the same time, the TEP called for initiatives like the EV-Ready Homes Program and EV-Ready Multi-Unit Dwellings Program to ensure new houses and apartments come equipped with EV charging capabilities. EPE pledged to work with stakeholders to explore and deploy new electrification solutions and to roll out a customer education campaign related to EV adoption and the importance of sustainability.
“The NMPRC’s re-endorsement of our Transportation Electrification Plan is a pivotal achievement that reinforces our dedication to environmental leadership and customer service,” Jessica Christianson, vice president of energy solutions and business development at EPE, said. “This plan is a testament to our commitment to facilitating a seamless transition to electric transportation, reducing carbon emissions, and creating a sustainable future. We are eager to roll out these programs and work alongside our customers and community partners to electrify our transportation landscape.”
The wait won’t be long, either. Over the coming months, EPE noted that the various programs contained within its TEP will go live. This will also include a new rate option for public charging stations, while simultaneously offering the existing Whole House/Whole Service EV Rate Rider Incentive Credit. Both work to reduce consumer costs for EV charging.
