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PNM has filed an application with the New Mexico Public Regulation Commission (NMPRC) for new energy resources to be added by summer 2028.

The proposed resource portfolio extends existing resources and adds 430 MW of new solar and battery storage to meet PNM’s forecasted peak load requirements in 2028.

The filing requests approval for:

  • extension of a Valencia PPA for 167 MW through 2039, as the current agreement expires in 2028
  • addition of 300 MW capacity through Energy Storage Agreements for two 150 MW battery stand-alone storage facilities
  • addition of a 100 MW solar and 30 MW battery storage facility, with an option for an additional 20 MW of battery storage, to be owned and operated by PNM

The proposed placement of the 130 MW facility is in New Mexico’s Central Consolidated School District, where the San Juan Generating Station was retired in 2022.

The filing is subject to approval by the NMPRC and PNM has requested approval of the resources within nine months.

PNM is a wholly-owned subsidiary of TXNM Energy.

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PNM Files Application for New Solar Resources in 2028

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Ask a Pro

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I’m not a financial pro, but here’s some advice:

Don’t live on a budget.  Make a lot of money and live far beneath your means.  What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?

As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do.  You make false friends and have people glomming onto you to sell you stuff you really don’t need.”

Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country.  Maybe there is something about him and his values that could benefit you.

Ask a Pro

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Renewable Energy

Solar PV in Spain

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I see.

There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.

LOL.

Solar PV in Spain

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Renewable Energy

What’s Wrong with Human Civilization?

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It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.

People say that the principal weakness of human beings is that we can’t plan for the future as a species.  Dogs are arguably even worse, though they aren’t consumed with greed.  They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.

As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.

What’s Wrong with Human Civilization?

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