PNM: Going Coal-free Will Save Money for Customers

SUGAR LAND--September 8, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Public Service Company of New Mexico (PNM) (Albuquerque, New Mexico) has concluded that exiting coal-fired power generation would save its customers money over the long run and could be done without damaging reliability, according to the utility's 20-year integrated resource plan (IRP) filed this summer with New Mexico utility regulators. The utility didn't definitively commit to going coal-free by 2031, but the IRP was subtitled, "Balancing cost and reliability while reducing the impact on the environment," strongly suggesting that going coal-free would be in the best interests of its customers.

Within this article: Details of plans for PNM's power generation

Companies featured: PNM Resources Incorporated (NYSE:PNM), Pinnacle West Capital Corporation (NYSE:PWN)