PNM

PNM Resources Says Mexico Approves New Energy Resources For Summer 2026

(RTTNews) - PNM Resources, Inc. (PNM) announced Friday that The New Mexico Public Regulation Commission (NMPRC) approved an application by its wholly-owned subsidiary Public Service Company of New Mexico (PNM) for new energy resources to be added by summer 2026.

The new resources, totaling 410 megawatts of solar and battery storage capacity, are planned to serve growing demand from PNM's retail customers. PNM system peak demand reached new record highs in the summers of 2022 and 2023.

The approved resources consist of 100 megawatts of solar and 310 megawatts of battery storage, including a 60-megawatt battery storage facility to be owned by PNM.

PNM filed its application in October 2023 after issuing a request for proposals in late 2022 to identify potential new resources available to serve customers in 2026.

The integration of these resources, along with other renewable and battery storage resources previously approved, will bring PNM's resource capacity to 75% carbon-free in 2026.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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