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May 22, 2024

New Mexico

© RTO Insider LLC
New Mexico Plots Next Steps for Day-ahead Market Decisions
As a next step in deciding which of two competing Western day-ahead markets to join, two of the state's utilities are commissioning a study of transfer capability under different market scenarios.
PNM
Regulators Approve PNM IRP Despite Staff Criticism
New Mexico commissioners voted to accept PNM's 2023 integrated resource plan despite concerns about an escalation in costs and resources since the 2020 IRP.
Tri-State G&T
FERC Directs Additional Compliance for Tri-State on Exit Fees
FERC ordered Tri-State Generation and Transmission Association to rework two filings involving departing members in orders issued March 29. 
Ken Lund, CC BY-SA 2.0
FERC Rejects Pump Storage Projects Over Navajo Objections
FERC rejected preliminary permits for seven pump storage projects on Navajo land, saying it no longer will consider projects that are opposed by host tribes.
CAISO
NM Utilities to Pursue More Analysis Before Day-ahead Decision
Despite the recent release of results from a study on the two competing day-ahead markets in the West, two New Mexico utilities said they need to conduct more analysis before they make a choice.
Western Markets Exploratory Group
NM Regulators to Explore Findings on Day-Ahead Market at RTO Workshop
The New Mexico Public Regulation Commission will dive into a report on the financial implications of a Western day-ahead electricity market.
Shutterstock
Lights out for Avangrid’s PNM Acquisition

Avangrid has pulled the plug on its proposed $8.3 billion acquisition of PNM Resources, as final approval for the deal remains tied up at the New Mexico Supreme Court.

© RTO Insider LLC
FERC Picks ‘Balance Sheet Approach’ Exit Fee for Tri-State Members
FERC issued an order ending a couple years of litigation over what Tri-State can charge its exiting members, picking a "Balance Sheet Approach" initially proposed by departing member United Power and then modified by commission staff.
Bureau of Land Management
BLM to Consider Changes to Western Transmission Corridors
The Bureau of Land Management is seeking public input on potential changes to about 673 miles of seven designated transmission corridors.
Gov. Grisham
Stakeholder Soapbox: Let the Market Determine the Fate of EVs
Economist Ken Costello says EVs are better off without mandates or subsidies — so that they are forced to compete with gas-powered vehicles on their own.

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