PNM Resources Says Its Unit Public Service Company Of New Mexico (PNM) Has Received Approval From The New Mexico Public Regulation Commission For New Energy Resources To Be Added By Summer 2026
Portfolio Pulse from Benzinga Newsdesk
PNM Resources announced that its unit, Public Service Company of New Mexico (PNM), has received approval from the New Mexico Public Regulation Commission to add 410 megawatts of solar and battery storage capacity by summer 2026. This move aims to meet the growing demand from PNM's retail customers, which saw record peak demand in the summers of 2022 and 2023.
May 31, 2024 | 10:35 am
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PNM Resources' unit, Public Service Company of New Mexico, has received regulatory approval to add 410 megawatts of solar and battery storage capacity by summer 2026. This is expected to help meet the growing demand from retail customers, which saw record peak demand in recent summers.
The approval to add significant solar and battery storage capacity is a positive development for PNM Resources. It addresses the growing demand from retail customers and aligns with the trend towards renewable energy, which could enhance the company's market position and revenue potential.
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