PNM rigged computer models to justify profiteering in gas and nuclear rather than investing in cheap and clean solar.
The petition reads:
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 testimony 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. The Arizona Regulation Commission has denied its investor-owned utilities' IRPs - sending them back to the drawing board to consider renewable energy and storage first - because these alternatives will save ratepayers millions and will protect the environment.
PNM's IRP does not provide the Commission nor the public with accurate information about the least-costly 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!
- Completely omitted renewable energy 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."