News Release

May 5, 2017
PNM to Host Power Planning Presentations

The public will have an opportunity to comment on the PNM Draft IRP

 

Albuquerque: PNM is proposing a future energy resource portfolio that would eliminate the company's use of coal-fired generation by the end of 2031. This proposal is explained in an integrated resource plan (IRP), which is a very detailed report about the costs and benefits of changing the company's energy mix. Public input and comments on this draft report are still being accepted as part of the ongoing IRP process, which culminates in a final document to be filed with the PRC by July 3, 2017.

Because this decision affects all New Mexicans, PNM will conduct a series of "whistle stop" meetings around the state to give residents a chance to weigh in with their thoughts about the future of energy in New Mexico and to learn more about how the IRP process works. Residents are also encouraged to email PNM their comments to irp@pnm.com. Schedules of public events are shown below:

Farmington: San Juan Community College, Henderson Fine Arts Center, 4601 College Blvd Wednesday, May 10th 7:00 to 9:00 pm 

Alamogordo: Atrium at First National Bank, 414 E. 10th St. Tuesday, May 16th 9:00 to 11:00 am

Deming: La Fonda Restaurant, 601 E. Pine St. Wednesday, May 17th 2:00 to 4:30 pm

Silver City: Grant County Business and Conf. Center 3031 US-180 Thursday, May 18th 2:00 to 4:30 pm

Albuquerque: ABQ Museum of Art and History, 2000 Mountain Rd. NW Tuesday, May 23rd 5:30 to 7:30 pm

Santa Fe: Santa Fe Federal Courthouse Park, 106 S. Federal Pl Wednesday, May 24th 10:00 am to 12:00 pm

Anyone wishing to attend one of the meetings may also send a request to irp@pnm.com and they will be sent an invitation as well as updates on the schedule.

In addition, before PNM can take any actions regarding San Juan Generating Station, Four Corners Power Plant, or other resources, there are many legal, regulatory and other processes that would have to take place. For more information about the IRP and to access the complete draft report, log onto https://www.pnm.com/irp.

According to analysis in the draft IRP, the benefits of PNM eliminating the use of coal are:

  • A cleaner environment and a significant reduction in carbon emissions
  • Lower costs and more energy options for customers over the long run
  • Improving New Mexico's leadership in the transition to cleaner, more sustainable energy resources. New Mexico is ideally suited for 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 loss, and these good-paying positions will not be easily replaced.
  • It will have a financial impact on communities in the Four Corners and the Navajo Nation.
  • It could possibly increase customer electricity costs in the short-term. 

PNM is looking forward to the discussing its draft IRP with New Mexico residents and its customers. 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. 

With headquarters in Albuquerque, PNM is the largest electricity provider in New Mexico, serving more than 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.