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April 15, 2024

PNM Resources (PNMR)

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.
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.

PNM
New Mexico Contemplates Organized Market Choice
When it comes to choosing between Western day-ahead market offerings, who else is participating in the market is a key consideration, a representative of a New Mexico utility said.
Edison Electric Institute
PNM, Avangrid Optimistic About Merger Prospects
While PNM awaits a court decision that could revive a merger with Avangrid, PNM officials say they’ll keep running the company like it’s a standalone business.
Avangrid
Avangrid Pushes Forward on NECEC, Offshore Wind, PNM Merger
Avangrid announced Wednesday that its net income increased 16% in 2022 over 2021 but projected flat financials in 2023.
PNM
New Mexico CO2 Limit Rule Would Target San Juan Coal Plant
New Mexico regulators release a draft rule that would set CO2 limits for coal plants, raising questions about the future of the San Juan Generating Station.
Sierra Club
Solar Supply Chain Issues Dog PNM Coal Plant Replacement Plan
PNM exhausted every alternative before postponing the retirement of the coal-fired San Juan plant until the end of this summer, a utility executive said.
Vineyard Wind
ISO-NE, States Seek to Build on ‘Alignment’ Efforts
Resource adequacy concerns and market rules and transmission infrastructure to support state clean energy policies highlight the issues facing ISO-NE in 2022.

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