PNM plans to add more solar, wind to portfolio

July 2, 2013 • State News

ALBUQUERQUE, N.M. (AP) — New Mexico’s largest electricity provider says it has a plan for adding more solar and wind power to its portfolio.

Public Service Company of New Mexico unveiled its proposal Monday. It must be [auth] approved by state regulators.

The plan calls for building three solar generating stations in the Albuquerque area and purchasing more electricity from a wind farm in Cibola County.

PNM says its renewable energy resources will provide enough electricity to power about 132,000 homes by 2015. The utility also expects a reduction in carbon dioxide emissions of about 915,000 metric tons.

With the proposal, 83 cents would be added to the average residential monthly bill starting in 2014.

Under the state’s renewable portfolio standard, utilities are obligated to generate 15 percent of their electricity from renewable sources by 2015. PNM says it would meet the requirement.

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