PNM Underscores ESG Strategy with Additional Plan to Reduce Emissions at Four Corners Power Plant
- New plans among plant owners moves Four Corners Power Plant to seasonal operations beginning in the fall of 2023, reducing annual carbon emissions by 20% - 25%
- Continued plan for PNM to exit plant and transfer 13% ownership at the end of 2024 results in significant customer savings
- Environmental benefits provide additional support for abandonment and securitization filing
- Customer savings, community support and environmental benefits demonstrate comprehensive approach to Environmental, Social, Governance (ESG) Strategy
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ALBUQUERQUE, N.M., March 12, 2021 /PRNewswire/ PNM, the wholly-owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), has enhanced its plan to exit the coal-fired Four Corners Power Plant with additional plans for seasonal operations at the plant beginning in the fall of 2023.
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FCC Approves Transfer of Licenses Related to AVANGRID’s Proposed PNM Resources Merger
March 11, 2021 GMT
ORANGE, Conn. (BUSINESS WIRE) Mar 11, 2021
AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that it has received the approval of the transfer of operating licenses from the Federal Communications Commission (FCC) related to the proposed PNM Resources (NYSE: PNM) merger.
“We are pleased with the continued progress of the required regulatory approvals for this transaction,” said Dennis V. Arriola, CEO of AVANGRID. “Combining AVANGRID and PNM Resources will bring together two companies committed to a clean energy future with a transaction that will deliver tangible benefits for customers in New Mexico and Texas.”
Meetings: Farmington set to appoint part-time municipal judge daily-times.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily-times.com Daily Mail and Mail on Sunday newspapers.
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AZTEC The New Mexico Public Regulation Commission will discuss the potential impact of the extreme winter storm that reached New Mexico over Valentine’s Day weekend and cut off power to millions of customers in Texas.
During a PRC meeting on Feb. 24, several PRC-regulated utilities including New Mexico Gas Company and Public Service Company of New Mexico discussed the impact that the storm had on their operations.
These impacts included raising the cost of power and natural gas purchased from the market, which in turn may lead to increases in customer bills. The New Mexico attorney general has announced an investigation into the spiking prices.