Investor Presentaiton
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New Mexico Energy Policy: Energy Transition Act
Energy Transition Act passed in 2019 legislative session and signed by New
Mexico Governor Lujan Grisham; effective June 14, 2019
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Renewable Portfolio Standards and Carbon-Free Requirement
Previous: 20% renewables by 2020
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Current:
• 40% renewables by 2025
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50% renewables by 2030
80% renewables by 2040
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100% carbon-free by 2045
2025
40% Renewables
2030
50% Renewables
2045
2040
80% Renewables
Securitization measure for abandonment of coal-fired generating facilities
reduces customer bills
Economic development funds provide needed financial assistance to workers
and the communities impacted by retirement of coal-fired generating facilities
PNM②Resources
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100% Carbon-FreeView entire presentation