I am writing to express my concern regarding the Public Service Company of New Mexico's Integrated Resource Plan (IRP). As a ratepayer and resident of New Mexico, I do not support their plan and submit my signature below as public comment against it.
While they've included closure dates for the San Juan Coal Plant (2022) and the Four Corners Coal Plant (2031), the energy supplies they plan on bringing on board to replace the lost capacity are not the least costly options and have serious health, environmental, and financial cost and liabilities.
PNM continues to prioritize capital-expensive investments like natural gas and nuclear despite their cost for ratepayers, public health, and our water, soil, and air quality. For example, their IRP includes the development of 3 new gas plants. Meanwhile, our neighbor state, Arizona, has placed a moratorium on new gas plants given their relative expense compared to renewables plus storage. The Arizona Corporation Commission has denied its investor-owned utilities' IRPs requiring Arizona's Energy Modernization Plan that revolves around these main topics, "clean energy, energy storage, energy efficiency and energy planning". Their stated guiding principles include, "resiliency, affordability and reliability, innovation, economic development and resource diversity."
PNM's IRP does not provide the Commission nor the public with accurate information about the Most Cost Effective Portfolio.
Experts have show that PNM's computer models have:
- Artificially limited the amount of wind and solar possible - setting a cap on the megawatts the software could choose!
- Artificially inflated the cost of solar and wind well beyond today's market prices and the bids they themselves have received. They also escalated the price of renewables over time when the reality is that solar, wind, and storage prices are steadily declining!
- Artificially constrained battery storage!
Please, consider our health, environment, and New Mexicans' financial well-being.
Reject the IRP and require a fair and transparent comparison of renewable energy and storage alternatives.