Energy Sources

A Commitment to Reliable, Affordable, and Environmentally Responsible Power

PNM is on a path to serve its customers 100% emissions-free electricity within the next two decades.  The company is focused on serving customers with a generation mix that safely provides reliable, affordable, and environmentally responsible power. 

PNM Generation Portfolio

PNM owns a diverse mix of generation resources that powers its New Mexico customers and uses additional resources to serve electricity needs through power purchase agreements.

As a regulated electric utility, nearly all of its owned generation resources are dedicated to serving customers in its regulated jurisdictions. The New Mexico Public Regulation Commission is responsible for approving the addition of new generation resources, the time frame that those resources can come into service, and the time frame the resources can be recovered through retail rates.

PNM Generation Resources

  • Emissions-Free Energy
    • Wind
    • Solar
    • Geothermal
    • Nuclear
    • Energy Storage
  • Coal
  • Natural Gas

Capacity in electric generating facilities, which are owned, leased, or under Power Purchase Agreements, in commercial service as of December 31, 2019 is:


Future Energy Resources: Resource Planning

PNM plans to add the following resources in the near future: 

Type

Name

Location

Generation Capacity

Planned addition date

Wind

La Joya 1

Torrence

166 MW

Nov 2020

Wind

La Joya 2

Torrence

140 MW

Dec 2020

Solar

Encino

Sandoval

50 MW

July 2020

Solar

Jicarilla 2

Jicarilla Nation

50 MW

March 2021

Solar

Route 66

Cibola

50 MW

Nov 2021

Solar

Jicarilla 1

Jicarilla Nation

50 MW

Nov 2021

Battery

*Jicarilla Storage

Jicarilla Nation

20 MW

Nov 2021

Battery

*Sandia Storage

 

40 MW

March 2022

Battery

*Zamora Storage

 

30 MW

May 2022

Gas

*Pinon Gas

San Juan

280 MW

May 2022

Solar

*Arroyo

McKinney

300 MW

June 2022

Battery

*Arroyo Storage

McKinney

40 MW

June 2022

*Requested as part of San Juan replacement docket and subject to NMPRC approval.

Longer Term Resources

PNM conducts an Integrated Resource Plan (IRP) once every three years. The IRP identifies generation mixes that could supply energy needs over a 20-year period. The IRP is a public process that incorporates public meetings and inputs in the final plan.

The IRP requirements say that PNM should prefer resources that minimize environmental impacts when costs and services are equivalent.

The IRP results in an resource roadmap for the Company and more specifically documents the actions required to achieve the plan's objectives over the next four years.

Visit www.pnm.com/IRP for the latest IRP process and meetings.

On July 3, 2017, PNM filed the 2017 IRP with the New Mexico Public Regulation Commission. Analysis in the 2017 IRP shows a most cost-effective portfolio that would result in the following changes to PNM's generation resources:

  • Retire SJGS coal-fired Units 1 and 4 in 2022 (497 MW retail + 65 MW merchant) after the existing coal-supply agreement expires on June 30, 2022 (Units 2 and 3 were retired at the end of 2017),
  • Exit the 13% participation (200 MW) in Four Corners Power Plant when the existing coal-supply agreement expires in 2031, and
  • Acquire replacement power consisting of renewables, natural gas, and potentially energy storage.

Learn more about the 2017 IRP