New Mexico's Integrated Resource Plan (IRP) rule requires energy companies to examine the challenges and opportunities for providing energy for the next 20 years and to identify the most cost-effective energy mix every three years.
PNM is working to identify the power supply choices we will have to make in the next few years to balance costs, the environment and reliability for the future.
Your feedback matters. We want input from customers and industry experts to help us formulate the PNM Integrated Resource Plan for 2017. This is a yearlong process in which PNM will hold periodic public meetings to review our existing diverse power resources from wind, solar, geothermal, coal, natural gas and nuclear generation and explore the issues that impact energy planning like: transmission and distribution, regulations, integrating renewable resources with traditional energy sources, the environment and the need to deliver affordable and reliable power.
A lot of things have changed since our last plan was filed in 2014:
- Today, PNM has a million solar panels at 15 centers on our system totaling 107 megawatts and providing enough energy to power 40,000 average homes.
- The PNM customer solar program has grown to about 6,000 customers who have installed approximately 49.5 megawatts of grid-connected solar photovoltaic energy on their homes and businesses.
- PNM purchases all of the wind energy from the New Mexico Wind Energy Center and from Red Mesa Wind Center, totaling 306 megawatts and providing enough energy to power 102,000 average homes.
- PNM receives power from the first utility-scale geothermal plant in New Mexico.
- Half of the coal fired San Juan Generating Station will close at the end of 2017, significantly reducing PNM's coal-fired generation.
- There are technology advancements in the energy industry, ongoing developments in environmental policy, energy prices vary and there are new economic outlook forecasts.
All of these developments will be considered and discussed as we move forward with PNM's 2017 integrated resource planning process and you are invited to join us.
Our first meeting is scheduled for June 30, 2016, from 1 to 4 p.m. at PNM Headquarters, located at 414 Silver Street, SW; Albuquerque, New Mexico. All meetings are open to the public - for more information about the IRP process visit www.PNM.com/irp.
For planning purposes please RSVP in advance by calling 888-413-0064 or sending an email to irp@pnm.com by June 27, 2016. The final 2017-2036 IRP plan will be filed in the summer of 2017.