Approval of Unopposed Stipulation in PNM 2028 Resource Application
TXNM Energy (NYSE: TXNM) announced that the New Mexico Public Regulation Commission (NMPRC) has approved an unopposed stipulation for its subsidiary PNM's 2028 Resource Application. The approval encompasses significant renewable energy expansion plans, including 450 megawatts (MW) of new solar and battery storage capacity to be implemented by 2028.
The approved resources include:
- Extension of Valencia Purchase Power Agreement for 167 MW through 2039
- Addition of 300 MW capacity through two 150 MW battery storage facilities
- A new 150 MW solar and battery storage facility (100 MW solar, 50 MW battery) with a $252 million capital investment from 2026-2028
The initiative aligns with New Mexico's Energy Transition Act's zero-carbon requirements and received support from multiple stakeholders, including the NMPRC Utility Division Staff and various energy advocacy groups.
TXNM Energy (NYSE: TXNM) ha annunciato che la New Mexico Public Regulation Commission (NMPRC) ha approvato un accordo non contestato per la domanda di risorse 2028 della sua controllata PNM. L'approvazione include importanti piani di espansione delle energie rinnovabili, con 450 megawatt (MW) di nuova capacità solare e di accumulo a batteria da realizzare entro il 2028.
Le risorse approvate comprendono:
- Estensione del contratto di acquisto energia di Valencia per 167 MW fino al 2039
- Aggiunta di 300 MW di capacità tramite due impianti di accumulo a batteria da 150 MW ciascuno
- Un nuovo impianto solare e di accumulo a batteria da 150 MW (100 MW solare, 50 MW batteria) con un investimento di capitale di 252 milioni di dollari previsto dal 2026 al 2028
L'iniziativa è in linea con i requisiti a zero emissioni di carbonio del New Mexico Energy Transition Act e ha ricevuto il sostegno di diversi soggetti, tra cui lo staff della divisione Utility della NMPRC e vari gruppi di advocacy energetica.
TXNM Energy (NYSE: TXNM) anunció que la Comisión de Regulación Pública de Nuevo México (NMPRC) aprobó un acuerdo no impugnado para la solicitud de recursos 2028 de su subsidiaria PNM. La aprobación abarca planes significativos de expansión de energías renovables, incluyendo 450 megavatios (MW) de nueva capacidad solar y de almacenamiento en baterías que se implementarán para 2028.
Los recursos aprobados incluyen:
- Extensión del Acuerdo de Compra de Energía de Valencia por 167 MW hasta 2039
- Adición de 300 MW de capacidad mediante dos instalaciones de almacenamiento en baterías de 150 MW cada una
- Una nueva instalación solar y de almacenamiento en baterías de 150 MW (100 MW solar, 50 MW batería) con una inversión de capital de 252 millones de dólares entre 2026 y 2028
La iniciativa está alineada con los requisitos de cero carbono de la Ley de Transición Energética de Nuevo México y recibió apoyo de múltiples partes interesadas, incluyendo el personal de la División de Servicios Públicos de la NMPRC y varios grupos de defensa energética.
TXNM Energy (NYSE: TXNM)는 뉴멕시코 공공규제위원회(NMPRC)가 자회사 PNM의 2028년 자원 신청에 대한 이의 없는 합의를 승인했다고 발표했습니다. 이번 승인은 2028년까지 시행될 450메가와트(MW)의 신규 태양광 및 배터리 저장 용량을 포함한 대규모 재생에너지 확장 계획을 포함합니다.
승인된 자원은 다음과 같습니다:
- 밸렌시아 전력구매계약 연장으로 2039년까지 167 MW 확보
- 150 MW 배터리 저장 시설 2개를 통한 300 MW 용량 추가
- 2026년부터 2028년까지 2억 5,200만 달러의 자본 투자가 투입되는 150 MW 규모의 신규 태양광 및 배터리 저장 시설(태양광 100 MW, 배터리 50 MW)
이 사업은 뉴멕시코 에너지 전환법의 탄소 제로 요구사항에 부합하며, NMPRC 공공사업부 직원 및 여러 에너지 옹호 단체를 포함한 다양한 이해관계자들의 지지를 받았습니다.
TXNM Energy (NYSE : TXNM) a annoncé que la Commission de régulation publique du Nouveau-Mexique (NMPRC) a approuvé une stipulation non contestée pour la demande de ressources 2028 de sa filiale PNM. Cette approbation inclut des plans importants d'expansion des énergies renouvelables, comprenant 450 mégawatts (MW) de nouvelle capacité solaire et de stockage par batterie à mettre en œuvre d'ici 2028.
Les ressources approuvées comprennent :
- Prolongation de l'accord d'achat d'électricité de Valencia pour 167 MW jusqu'en 2039
- Ajout de 300 MW de capacité via deux installations de stockage par batterie de 150 MW chacune
- Une nouvelle installation solaire et de stockage par batterie de 150 MW (100 MW solaire, 50 MW batterie) avec un investissement en capital de 252 millions de dollars prévu entre 2026 et 2028
Cette initiative s'aligne sur les exigences zéro carbone de la loi sur la transition énergétique du Nouveau-Mexique et a reçu le soutien de plusieurs parties prenantes, y compris le personnel de la division des services publics de la NMPRC et divers groupes de défense de l'énergie.
TXNM Energy (NYSE: TXNM) gab bekannt, dass die New Mexico Public Regulation Commission (NMPRC) eine unangefochtene Vereinbarung für den 2028 Ressourcenantrag ihrer Tochtergesellschaft PNM genehmigt hat. Die Genehmigung umfasst bedeutende Pläne zur Erweiterung erneuerbarer Energien, darunter 450 Megawatt (MW) neue Solar- und Batteriespeicherkapazität, die bis 2028 umgesetzt werden sollen.
Die genehmigten Ressourcen umfassen:
- Verlängerung des Valencia Stromkaufvertrags für 167 MW bis 2039
- Hinzufügung von 300 MW Kapazität durch zwei Batteriespeicheranlagen mit je 150 MW
- Eine neue Solar- und Batteriespeicheranlage mit 150 MW (100 MW Solar, 50 MW Batterie) mit einer Kapitalinvestition von 252 Millionen US-Dollar von 2026 bis 2028
Die Initiative steht im Einklang mit den Null-Emissions-Anforderungen des New Mexico Energy Transition Act und erhielt Unterstützung von mehreren Interessengruppen, darunter dem NMPRC Utility Division Staff und verschiedenen Energievertretungen.
- None.
- Significant capital expenditure of $252 million required through 2028
Insights
TXNM secures regulatory approval for 450MW clean energy expansion, including $252M capital investment, advancing energy transition goals.
The New Mexico Public Regulation Commission's approval of PNM's resource stipulation represents a significant advancement in TXNM Energy's clean energy portfolio and regulatory strategy. The approval secures 450 megawatts of new solar and battery storage capacity scheduled to come online in 2028, supporting both customer needs and compliance with New Mexico's Energy Transition Act.
The approved resource package contains three key components: (1) extension of the Valencia Purchase Power Agreement for 167 MW through 2039, providing long-term generation stability; (2) addition of 300 MW of battery storage capacity through two standalone 150 MW facilities, substantially enhancing grid flexibility; and (3) development of a 150 MW combined solar and battery storage facility requiring
Particularly noteworthy is the broad coalition supporting this stipulation, including regulatory staff, environmental advocates, consumer groups, and energy reliability proponents. This unanimous support significantly reduces regulatory risk for future ratemaking proceedings related to these assets. The Central Consolidated School District's backing also suggests positive community relations benefits.
The
ALBUQUERQUE, N.M., June 30, 2025 /PRNewswire/ -- In its open meeting held June 26, 2025, the New Mexico Public Regulation Commission (NMPRC) approved the unopposed stipulation filed in PNM's 2028 Resource Application. PNM is a wholly owned subsidiary of TXNM Energy (NYSE: TXNM).
The approved resources add 450 megawatts (MW) of new solar and battery storage capacity in 2028 to serve customers and continue progress towards the zero-carbon requirements of
- extension of a Valencia Purchase Power Agreement (PPA) for 167 MW through 2039 (current agreement expires in 2028),
- addition of 300 MW capacity through Energy Storage Agreements (ESAs) for two, 150 MW battery stand-alone storage facilities, and
- addition of a 150 MW solar and battery storage facility (100 MW solar, 50 MW battery storage) to be located in the Central Consolidated School District and owned and operated by PNM with a capital investment of
$252 million
Parties to the stipulation included Utility Division Staff of the New Mexico Public Regulation Commission, Coalition for Clean Affordable Energy, New Energy Economy, New Mexico Affordable Reliable Energy Alliance, Western Resource Advocates and Prosperity Works. Central Consolidated School District supports the stipulation.
The NMPRC order and other filings related to the application are available at https://www.txnmenergy.com/investors/rates-and-filings/pnm-nmprc-filings.aspx.
Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in
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FAQ
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