A major step towards sustainable electricity

On Monday, PNM outlined a six-year $344 million modernization plan for the company’s electricity grid in a filing with the New Mexico Public Regulation Commission. PNM’s electricity grid serves more than 530,000 New Mexico customers.

One of the cornerstones of this grid modernization plan is installation of “smart meters”.  Smart meters, once fully implemented, will allow customers to monitor electricity rates and choose when to increase and decrease electricity usage, saving you money. The smart meters will allow faster response time to electricity outages, by notifying PNM of a lack of power. The grid modernization plan allows better integration of electricity generated from solar units at homes and businesses. And, it will enhance cyber threat anti-terrorism and hacking measures.

“This filing is a major step forward for New Mexico and our customers,” said Pat Vincent-Collawn, PNM’s chairman and CEO.

“This program is critical to enable PNM to move to a system where electricity is generated from different sources. We remain committed to providing reliable, sustainable energy to the people we serve.”

Also, PNM held a virtual press conference where PNM experts provided a deeper understanding of the customer and economic benefits that will result from the grid modernization filing.

You can learn more by visiting pnm.com/grid