Albuquerque, NM) – PNM requested approval of new resources to meet customer demand for the summer of 2028 while helping PNM's continued progress toward meeting the New Mexico Energy Transition Act's 100% carbon-free requirements. Currently, PNM's resource portfolio is more than 64% carbon free, and if these resources are approved, PNM will be 77% carbon free in 2028.

The proposed resource portfolio extends existing resources and adds 430 megawatts (MWs) of new solar and battery storage resources to reliably meet PNM's forecasted peak load requirements in 2028 to continue progress toward the zero-carbon requirements of New Mexico's Energy Transition Act.

The filing requests approval for:

Addition of 300 MW capacity for two 150 MW battery stand-alone storage facilities.
Addition of 130 MW solar and battery storage facility (100 MW solar, 30 MW battery storage), with an option for an additional 20 MW of battery storage located in New Mexico's Central Consolidated School District where the San Juan Generating Station was retired in 2022.
Extension of a Valencia Purchase Power Agreement for 167 MW through 2039 (current agreement expires in 2028).

"The need for additional power to serve growing customer needs is clear," said Don Tarry, PNM President and CEO. "This plan specifically calls for energy investments in the Farmington area as part our commitment to continue supporting the region's economy, while ensuring the ongoing transition to carbon-free energy for all of our customers by 2040."

The filing is subject to approval by the New Mexico Public Regulation Commission and PNM has requested approval of the resources within nine months.