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News Release
Oct. 10, 2003
PNM Issues Request for Proposals To Ensure
Future Reliability
Albuquerque: PNM announced today that it has issued
a Request for Proposals (RFP) to purchase electricity to meet
future system growth requirements.
The company developed the RFP to help meet projected service
territory load growth, estimated at 2.5 percent per year,
and to satisfy a 15 percent reliability margin required by
state regulatory authorities. PNM currently has a total of
1,827 megawatts (MW) dedicated to serve jurisdictional needs.
This includes owned or leased generation including coal, nuclear
and gas-fired generation as well as purchase power agreements.
The RFP is to meet both peaking and base load requirements
beginning in 2004 through 2014. Responses to the RFP, due
on Oct. 27, 2003, must meet a minimum 25 MW requirement and
be for a minimum of one contract year. To ensure system reliability,
PNM will place special emphasis in its evaluation on the power
delivery point.
"The steady growth of our system, along with our continued
commitment to reliability, has encouraged PNM to evaluate
all of its options to meet future needs," said Mike D’Antonio,
PNM Director of Resource Planning and Technical Analysis.
"This RFP, along with careful consideration and possible
development of potential generation projects, will ensure
that we can successfully meet New Mexico’s electricity
needs."
For further details on PNM’s requirements, contact
PNM Director of Bulk Power Marketing and Development Duane
Farmer at (505) 855-6200.
PNM is the principal subsidiary of PNM Resources,
an energy holding company based in Albuquerque. PNM provides
electric utility service to 387,000 customers and natural
gas service to 450,000 customers in New Mexico. The company
also sells power on the wholesale market in the Western U.S.
PNM Resources stock is traded primarily on the NYSE under
the symbol PNM.
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