PNM Resources Says Mexico Approves New Energy Resources For Summer 2026

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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.

टैग: PNM
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PUCT Approves TNMP's Application To Recover Over $205 Mln In Distribution Infra Investments

PUCT Approves TNMP's Application To Recover Over $205 Mln In Distribution Infra Investments

The Public Utility Commission of Texas (PUCT) approved on Friday the application from Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc. (PNM), to recover over $205 million in net distribution infrastructure investments to reliably serve customers' power needs since its last filing.
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U.S. Business Inventories Inch Up Slightly Less Than Expected In September

U.S. Business Inventories Inch Up Slightly Less Than Expected In September

With a jump by retail inventories partly offset by dips by manufacturing and wholesale inventories, the Commerce Department released a report on Friday showing U.S. business inventories crept up by slightly less than expected in the month of September. The Commerce Department said business inventories inched up by 0.1 percent in September after climbing by 0.3 percent in August.
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New York Manufacturing Index Soars To Nearly Three-Year High In November

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A report released by the Federal Reserve Bank of New York on Friday showed regional manufacturing activity has seen a substantial turnaround in the month of November. The New York Fed said its general business conditions index skyrocketed to a positive 31.2 in November from a negative 11.9 in October, with a positive reading indicating growth.
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U.S. Import Prices Unexpectedly Rise 0.3% In October

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The Labor Department released a report on Friday showing an unexpected increase by import prices in the U.S. in the month of October. The report said import prices rose by 0.3 percent in October after falling by 0.4 percent in September. Economists had expected import prices to edge down by 0.1 percent.
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U.S. Retail Sales Climb 0.4% In October, Slightly More Than Expected

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Partly reflecting a jump in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by slightly more than expected in the month of October. The Commerce Department said retail sales rose by 0.4 percent in October after growing by an upwardly revised 0.8 percent in September.
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U.S. Industrial Production Decreases In Line With Estimates In October

U.S. Industrial Production Decreases In Line With Estimates In October

With the effects of recent hurricanes and the strike at Boeing (BA) continuing to weigh on growth, the Federal Reserve released a report on Friday showing U.S. industrial production decreased in line with economist estimates in the month of October.
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