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News Release
August 19, 2004
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 2006 through 2009. Responses to the RFP, due
on September 20, 2004, 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 Manager of Marketing and Forward Contracts Tom Nesmith
at (505) 855-6201.
PNM Resources is an energy holding company
based in Albuquerque, New Mexico. PNM, the principal subsidiary
of PNM Resources, serves about 462,000 natural gas customers
and 403, 000 electric 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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