New Mexico

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Tri-State CEO Gives Update on Energy Transition
Tri-State CEO Duane Highley spoke with ACP CEO Jason Grumet about how cooperatives are managing the transition from coal to renewables and balancing clean energy goals with reliability.
© RTO Insider LLC
FERC Upholds Tri-State Exit Fee Calculation Method
FERC upheld the contract termination payment rules for Tri-State Generation and Transmission Association it approved last year, though it modified some of its original order in response to requests for clarification.
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New Mexico Plots Next Steps for Day-ahead Market Decisions
As a next step in deciding which of two competing Western day-ahead markets to join, two of the state's utilities are commissioning a study of transfer capability under different market scenarios.
PNM
Regulators Approve PNM IRP Despite Staff Criticism
New Mexico commissioners voted to accept PNM's 2023 integrated resource plan despite concerns about an escalation in costs and resources since the 2020 IRP.
Tri-State G&T
FERC Directs Additional Compliance for Tri-State on Exit Fees
FERC ordered Tri-State Generation and Transmission Association to rework two filings involving departing members in orders issued March 29. 
Ken Lund, CC BY-SA 2.0
FERC Rejects Pump Storage Projects Over Navajo Objections
FERC rejected preliminary permits for seven pump storage projects on Navajo land, saying it no longer will consider projects that are opposed by host tribes.
CAISO
NM Utilities to Pursue More Analysis Before Day-ahead Decision
Despite the recent release of results from a study on the two competing day-ahead markets in the West, two New Mexico utilities said they need to conduct more analysis before they make a choice.
Western Markets Exploratory Group
NM Regulators to Explore Findings on Day-Ahead Market at RTO Workshop
The New Mexico Public Regulation Commission will dive into a report on the financial implications of a Western day-ahead electricity market.
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Lights out for Avangrid’s PNM Acquisition

Avangrid has pulled the plug on its proposed $8.3 billion acquisition of PNM Resources, as final approval for the deal remains tied up at the New Mexico Supreme Court.

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FERC Picks ‘Balance Sheet Approach’ Exit Fee for Tri-State Members
FERC issued an order ending a couple years of litigation over what Tri-State can charge its exiting members, picking a "Balance Sheet Approach" initially proposed by departing member United Power and then modified by commission staff.

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