Integrated Resource Planning
April 20, 2017
PNM is proposing a future energy resource portfolio that would eliminate the company's use of coal-fired generation by the end of 2031. The proposal is explained in a very long and detailed report about the costs and benefits of changing our energy mix.
The results presented in this draft of the plan point strongly towards shutting down San Juan after the current coal supply agreement runs out in 2022, and also toward exiting Four Corners Power Plant in 2031 when its coal supply agreement runs out. This will result in no coal in PNM's energy supply mix.
The benefits of PNM eliminating the use of coal are:
- Cleaner environment and a significant reduction in carbon emissions
- Lower costs and more energy options for customers over the long run because it fits better with future energy needs
- Improve New Mexico's leadership in the transition to cleaner, more sustainable energy resources. New Mexico is ideally suited this, given our wealth of sun, wind and technological/research talent based in the state.
That said there are some downsides as well:
- It would mean job losses, and these good-paying positions will not be easily replaced.
- It would likely increase customer electricity costs in the short-term.
If we do shut down San Juan, we will -- of course -- need to replace it with something else to make sure we have power whenever needed. To preserve the environmental benefits from eliminating coal generation, PNM is also planning to:
- Build more solar
- Build new flexible natural gas generation
This decision affects all of us in New Mexico, and we will be doing a "whistle stop" tour of the state to give anyone the opportunity to weigh in on the future of energy in New Mexico. And if you want to email us your thoughts as well, you are welcome to do so at email@example.com. We'll be publishing a schedule of public events as soon as we finalize it, if you want to attend, send us a note at firstname.lastname@example.org and we will send you the invitations and updates on the schedule.
If you would like to dig deeper and read the detailed executive summary of the report, you can download it here.
And if you would like to go even deeper and read the full 200+ page report, you can download that here.
We are looking forward to the conversation. Now more than ever, forward progress on energy issues is going to happen mostly at the state and local level, and with your help, we can make the best choice for the future of everyone in New Mexico.
If you would like to attend an upcoming meeting, please email email@example.com or call (505) 241-0913.
Next Meeting: Wednesday, July 5, 2017, 10 a.m. - 2 p.m. with a lunch break at noon.
Where: PNM Headquarters
414 Silver Ave SW
Albuquerque, NM 87102
If you are unable to attend in person, please register to attend the PNM 2017-2036 IRP Working Group Mtg. #11, Distribute Report & Wrap-up webinar on July 5, 2017 at 10 a.m. MDT: