PNM Resources, Inc. (PNM) announced on Friday that the New Mexico Public Regulation Commission (NMPRC) has approved an application by its wholly-owned subsidiary, Public Service Company of New Mexico (PNM), to add new energy resources by the summer of 2026.
These new resources, which total 410 megawatts of solar and battery storage capacity, will help meet the rising demand from PNM's retail customers. PNM's system peak demand set new records during the summers of 2022 and 2023.
The approved resources include 100 megawatts of solar power and 310 megawatts of battery storage, featuring a 60-megawatt battery storage facility to be owned by PNM.
PNM submitted its application in October 2023, following a request for proposals issued in late 2022 to identify potential new resources to serve customers in 2026.
The integration of these resources, in conjunction with other renewable and battery storage assets previously approved, will bring PNM's resource capacity to 75% carbon-free by 2026.
