January 22, 2025

Public Service Company of New Mexico (PNM)

CAISO
Western EIM Sees Record Benefits in Q3
The Western Energy Imbalance Market racked up $301 million in benefits in the third quarter of 2021, surpassing or approaching yearly totals in 2019 and 2020.
Drought.gov
NM Regulator Acknowledges Human-caused Climate Change
A New Mexico utility regulator has declared that climate change is caused by human activity, establishing the assertion as scientific fact beyond debate.
Renewables Boost Avangrid Q1 Earnings
Avangrid reported a 40% increase in its first-quarter profits, compared to the same period in 2020, buoyed by its renewables division.
FERC OKs Avangrid PNM Purchase
Avangrid moved closer to completing its acquisition of PNM Resources as FERC approved the deal, turning aside Farmington, N.M. protests.
Expansion Takes EIM into LA, New Mexico
CAISO’s Western EIM notched another milestone as it welcomed the country’s largest municipal utility and extended its border to include much of New Mexico.
NARUC
Utility M&A Expert Gives NARUC a Scolding
Regulators respond to utility mergers by ceding leadership and underestimating negatives, author Scott Hempling told NARUC annual meeting attendees.
Energy Amendments on NM, Nevada Ballots
Voters in New Mexico and Nevada will make major decisions on their states’ energy futures come Election Day in November.
PNM, NV Energy Hit with NERC Penalties
FERC accepted settlements with Public Service Company of New Mexico and NV Energy for violations of NERC reliability standards.
Western Order 845 Filings Need Fixes, FERC Says
Four Western utilities generally complied with FERC Order 845 but had shortcomings in several common areas, the commission found.
Turlock Irrigation District to Join Western EIM
CAISO said that Turlock Irrigation District, California’s oldest irrigation district, signed an agreement to join the Energy Imbalance Market in April 2021.

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