The New Mexico Public Regulation Commission will dive into a report on the financial implications of a Western day-ahead electricity market.

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.

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 announced Wednesday that its net income increased 16% in 2022 over 2021 but projected flat financials in 2023.

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.

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.

Resource adequacy concerns and market rules and transmission infrastructure to support state clean energy policies highlight the issues facing ISO-NE in 2022.

N.M. regulators shot down Avangrid’s proposed acquisition of PNM Resources after officials pointed to Avangrid’s “demonstrated record of poor performance.”

Avangrid is facing increasing scrutiny from regulators following allegations that the company purchased millions in unnecessary equipment to boost profits.