September 28, 2024

New Mexico

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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.
Bureau of Land Management
BLM to Consider Changes to Western Transmission Corridors
The Bureau of Land Management is seeking public input on potential changes to about 673 miles of seven designated transmission corridors.
Gov. Grisham
Stakeholder Soapbox: Let the Market Determine the Fate of EVs
Economist Ken Costello says EVs are better off without mandates or subsidies — so that they are forced to compete with gas-powered vehicles on their own.
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CREPC-WIRAB Conference Tackles Western Market Developments
Many at the joint conference focused on the eventual result of the contest between CAISO's Extended Day-Ahead Market and SPP's Markets+ to organize the West's electricity market.
PNM
New Mexico Contemplates Organized Market Choice
When it comes to choosing between Western day-ahead market offerings, who else is participating in the market is a key consideration, a representative of a New Mexico utility said.
New Mexico Public Regulation Commission
NM Commission to Set Standards for RTO, Day-ahead Participation
State regulators have launched a process to develop “guiding principles” regarding participation in a regional day-ahead market or RTO.
Edison Electric Institute
PNM, Avangrid Optimistic About Merger Prospects
While PNM awaits a court decision that could revive a merger with Avangrid, PNM officials say they’ll keep running the company like it’s a standalone business.
Sierra Club - Rio Grande Chapter
Climate Bills Largely Fail in New Mexico Session
Gov. Michelle Lujan Grisham vetoed large portions of a tax package, cutting out tax credits for EVs, energy storage systems and geothermal electricity production.
Iowa Soybean Association
LCFS Bill Emerges in New Mexico House as Session Nears Close
A bill that would establish a low-carbon fuel standard in New Mexico awaits a House vote as the state legislature races toward the end of the 2023 session.

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