April 23, 2019 Read More →

New Mexico utility moves up carbon-free goal, reaffirms San Juan coal plant closure

Albuquerque Journal:

Public Service Company of New Mexico says all its electric generation will be carbon-free by 2040, five years earlier than required under the state’s new Energy Transition Act.

PNM President, Chairman and CEO Pat Vincent-Collawn announced a plan to accelerate its clean-energy goals Monday afternoon during an event at the Indian Pueblo Cultural Center. Gov. Michelle Lujan Grisham, members of the state’s U.S. congressional delegation, and local and state officials attended the event, timed to coincide with Earth Day.

The Energy Transition Act, which the state Legislature passed this year and the governor signed into law, requires New Mexico’s public utilities to derive 50 percent of their electricity from renewable resources by 2030 and 80 percent by 2040, followed by a transition to completely carbon-free generation by 2045.

PNM said it has since realized it can achieve those goals five years early, Vincent-Collawn said at the event.

Coinciding with the announcement, PNM released a general overview of how it plans to achieve the goals. It reaffirmed previous commitments to completely shut down the coal-fired San Juan Generating Station outside Farmington in 2022 and pull out of the nearby Four Corners Power Plant by 2031. That alone will cut emissions by more than 70 percent, according to PNM.

Starting in 2028, the company will also begin closing natural gas plants around the state, with the last ones shuttered by 2040. It will replace lost generation with renewable resources like wind and solar, and possibly geothermal power.

More: PNM to be carbon free five years sooner

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