PNM has been a part of New Mexico for more than 100 years and we know that for residents here, the environment is as much a part of our heritage as the people are. We have always played an active role in advocating for federal climate change legislation and worked at the the local level to reduce the carbon emissions associated with our energy production. We supported New Mexico's Renewable Energy Act, and have made a significant commitment to adding renewable energy to our system since 2003. That's when PNM brought the 200 megawatt New Mexico Wind Energy Center online (prior to any state renewable requirements). We now have enough wind, solar and geothermal resources to provide the equivalent amount of energy to power approximately 132,000 homes and reduce carbon dioxide emissions by approximately 915,000 metric tons – the equivalent of taking 191,000 cars off the road annually.
In addition, PNM also played a major role in supporting New Mexico's energy efficiency legislation, resulting in the passage of the Efficient Use of Energy Act, which provided for gas and electric utilities to offer energy efficiency to its customers. Shortly after the act passed in 2007, PNM was the first utility in the state to introduce a suite of electric energy efficiency programs that have provided tremendous results in energy and cost savings and environmental benefits. Since 2007, PNM residential and business customers have saved enough energy to serve more than 95,000 homes and earned more than $27 million in customer rebates. These programs have also saved an estimated 353,674 metric tons of CO2.
To comply with regional haze regulations and to better position San Juan Generating Station near Farmington to meet future greenhouse gas regulations, PNM Resources shut down two of our four coal-fired electricity generating units at the San Juan Generating Station at the end of 2017. This has reduced our greenhouse gas emissions to at least 17 percent below 2005 levels. We are currently proposing the complete retirement of the San Juan Generating Station at the end of 2022 and completely removing coal-fire generation from our resource portfolio by 2031.
Climate Change Report
PNM Resources actively advocates for sound climate policy on its own and through alliances, including the Edison Electric Institute, the Generators for Clean Air, and the Coalition for Innovative Climate Solutions. In 2018, we released our new Climate Change Report through our sustainability portal.
Click here to read the report and about all of the ways PNM Resources is working to protect our environment and conserve our natural resources while providing cleaner, more sustainable energy.