Commentary: After announcing it would drop one of its leases in the Palo Verde Nuclear plant last year, this month PNM proposed replacing the energy with 100% solar and battery. In support of its proposal, PNM cited the Energy Transition Act’s requirements and the Public Regulation Commission’s decision last year to choose a 100% solar/storage proposal rather than PNM’s favored gas-inclusive replacement scenario for San Juan Generating Station coal. The replacement proposal will need to be approved by the commission. In selecting carbon emission-free generation to replace Palo Verde, PNM states in testimony (see below) it has taken into consideration “the state’s energy transition policies and long-term mandate for a carbon emission-free generation portfolio.” While we have yet to delve into all of the details of PNM’s application, this is very encouraging and we look forward to supporting PNM’s request for prompt approval of replacement resources.
Sierra Club 16th April 2021 read more »