TXNM Energy’s PNM filed with the NMPRC to add 800 MW wind, 240 MW solar, 610 MW battery storage and 40 MW gas to eliminate coal by 2031, forecasting 40% demand growth by 2032. These projects join a $4.9 billion plan to deliver carbon-free power and capture expiring tax credits.
PNM filed an application with the New Mexico Public Regulation Commission requesting approval to add 800 MW of wind, 240 MW of solar, 610 MW of battery storage and 40 MW of natural gas capacity. The filing aims to replace coal and meet projected capacity needs through 2032.
The plan aligns with the Energy Transition Act to eliminate all coal generation by 2031, marking a historic milestone for New Mexico. PNM forecasts a 40% increase in customer electricity demand by 2032, driven by load growth and economic development initiatives.
These resource additions form part of TXNM Energy’s $4.9 billion investment plan over five years, targeting full carbon-free power and the capture of expiring federal tax credits. Capital investments in wind, solar, storage and transmission are expected to generate local property tax revenue and support construction jobs.
