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May 1, 2024

Public Service Company of New Mexico (PNM)

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.
PacifiCorp
FERC Opens Probes on Western Transmission Rate Protocols
FERC challenged the transmission formula rate protocols of five Western utilities, saying they lack sufficient transparency and customer protections.
CAISO
Western EIM Nears $2B in Total Benefits
CAISO's Western Energy Imbalance Market hit a record $739 million in member benefits in 2021, putting its total close to $2 billion since it launched in 2014.
Camerafiend, CC BY-SA-3.0, via Wikimedia
FERC OKs $265,000 PNM Penalty
FERC approved a $265,000 settlement between WECC and the Public Service Company of New Mexico for violations of NERC's reliability standards.
CAISO
Western EIM Sees Record Benefits in Q3
The Western Energy Imbalance Market racked up $301 million in benefits in the third quarter of 2021, surpassing or approaching yearly totals in 2019 and 2020.
Drought.gov
NM Regulator Acknowledges Human-caused Climate Change
A New Mexico utility regulator has declared that climate change is caused by human activity, establishing the assertion as scientific fact beyond debate.
Renewables Boost Avangrid Q1 Earnings
Avangrid reported a 40% increase in its first-quarter profits, compared to the same period in 2020, buoyed by its renewables division.
FERC OKs Avangrid PNM Purchase
Avangrid moved closer to completing its acquisition of PNM Resources as FERC approved the deal, turning aside Farmington, N.M. protests.
Expansion Takes EIM into LA, New Mexico
CAISO’s Western EIM notched another milestone as it welcomed the country’s largest municipal utility and extended its border to include much of New Mexico.
NARUC
Utility M&A Expert Gives NARUC a Scolding
Regulators respond to utility mergers by ceding leadership and underestimating negatives, author Scott Hempling told NARUC annual meeting attendees.

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