Investor Presentaiton
PNM Near Term Resource Portfolio Changes
2022
• Retirement of
SJGS Units 1 and
4 (562 MW)
• 650 MW solar
and 300 MW
storage
approved by
NMPRC
2023
• Return of PV
Leases (104
MW)
450 MW solar
and 290 MW
storage
approved
2024
• Return of PV
Lease (10 MW)
•
Proposed exit of
FC (200 MW)
• Assumes ~100
MW solar and
~150 MW of
battery
•
•
•
San Juan Generating Station (SJGS)
Replacement resource developers have
provided notice to PNM of inability to
meet 2022 in-service date
PNM has secured firm commitments for
140 MW in 2022
In February 2022, PNM announced plan
to keep Unit 4 open three additional
months to meet summer peak demand;
NMPRC deemed no approval required
.
Palo Verde Generating Station (PV)
Approval issued later than PNM
requested, which provides minimal time
for new resources to come online
• PNM is currently evaluating options to
ensure summer 2023 peak demand can
be met
•
Four Corners Power Plant (FC)
PNM filed for abandonment of FC but
deferred filing of replacement resources
based on SJGS case precedent
NMPRC denied abandonment and PNM
has appealed to Supreme Court
Replacement resource to be selected and
filed with the NMPRC
PNMResources
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