Dec. 31—The Public Service Company of New Mexico is seeking at least 900 megawatts of new energy resources to come online between 2029 and 2032.
The electric utility issued a request for proposals on Monday to meet its 2032 capacity range of 900-2,900 megawatts, per its 2023 Integrated Resource Plan filed with the New Mexico Public Regulation Commission.
PNM in 2031 plans to exit its minority ownership from the coal-fired Four Corners Power Plant, according to the company, so the RFP will help identify potential replacement resources.
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Proposed resources to replace the power plant must get approval from the PRC in a separate application, according to PNM.
The utility’s 2024 power portfolio was 72% carbon-free and had a capacity of 4,268 megawatts.
Bidders can find more information online at bids.sciquest.com/apps/Router/PublicEvent?CustomerOrg=PNMResources.
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