Nov. 18, 2013
PNM Seeks Proposals for 2016 Renewable Energy Resources
Albuquerque: PNM, a subsidiary of PNM Resources (NYSE: PNM) and New Mexico's largest electric utility, issued a request for proposals (RFP) today for renewable energy resources totaling 150,000 megawatt-hours produced and delivered to customers in 2016.
"We are looking for solid proposals that will help us provide affordable and reliable power to meet state renewable energy requirements," said PNM Director of Resources and Planning Pat O'Connell. "A robust, competitive bidding process helps us identify the best options available to serve our customers with PNM's expanding renewable portfolio."
PNM will consider cost-competitive offers for asset purchases, design-build-transfer projects or purchased power agreements, in addition to renewable energy certificate (or REC-only) bids. (RECs are certificates that document that energy was generated by a renewable resource.)
Projects should be located in or deliver electricity to customers in New Mexico. REC-only purchases must be from a facility located in New Mexico. Renewable energy sources sought include wind, solar, geothermal, hydropower and biomass technologies. Fossil fuel and nuclear resources will not be considered.
Currently, PNM utilizes both wind and solar to serve customers and has a proposal for additional wind and solar resources in 2014 and 2015 before state regulators. Next year, PNM customers will begin receiving geothermal energy from a newly-constructed facility in southern New Mexico.
Pre-Bid Conference Set for Monday, Nov. 25, 2013
PNM will host a pre-bid conference and live webinar at its headquarters at 414 Silver Ave. SW in Albuquerque, N.M., on Monday, Nov. 25, 2013, from 1 p.m. to 3 p.m. MST for project developers interested in submitting proposals. Details for participating in the conference online and in person will be posted at PNM.com/RFP.
How to Participate in the Bid Process
Those who want to participate in the bid process should submit a "Notice of Intent to Bid" by Tuesday, Dec. 3, 2013 and submit their proposal by Monday, Jan. 10, 2014. Submissions can only be made using a web link to the request for proposals on-line bidding platform, posted at PNM.com/RFP.
Complete information about the RFP and how to participate is posted at PNM.com/RFP. For additional information or to ask questions, send an email to renewablerfp @ pnmresources.com.
With headquarters in Albuquerque, PNM is the largest electricity provider in New Mexico, serving 500,000 customers in dozens of communities across the state. PNM is a subsidiary of PNM Resources, an energy holding company also headquartered in Albuquerque. For more information, visit PNM.com.