PNM's imprudent investments in dirty energy could increase rates by $13 per month per household
In December PNM filed an application at the Public Regulation Commission to increase electricity rates by 9.7%. The Hearing Examiner and...
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New Energy Economy News
Read the latest updates on our legal actions, just transition initiatives, Sol for ALL! projects, recent media, and more....
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- Aug 18
PNM Agrees to Issue Delayed San Juan Generating Station Rate Credits of $115Million it Overcharged
Today, jointly with all intervenors, New Energy Economy filed a settlement agreement with PNM and the PRC to settle the issue of delayed...
- Mar 29
Justices question the adequacy of PNM's application to sell shares of Four Corners to NTEC
Oral arguments took place yesterday at the Supreme Court for PNM's appeal of the PRC's decision to reject their plan to abandon and sell...
- Mar 27
NEE files motion to declare ETA Financing Order null and void.. and Four Corners abandonment hearing
Santa Fe, NM – On Thursday New Energy Economy filed a motion to declare the Energy Transition Act (ETA) Financing Order null and void for...
- Nov 23, 2022
Our Pursuit of Justice for Ratepayers Continues
On Monday New Energy Economy asked the NM Supreme Court to reconsider it's decision to grant PNM’s Motion for Stay, a decision that will...
- Nov 2, 2022
ETA promises broken - Supreme Court rules for PNM
Yesterday the NM Supreme Court granted PNM's Motion for Stay, allowing PNM to continue charging ratepayers for the operating costs of the...
- Aug 10, 2022
Inflation Reduction Act marks small first step - bottom line: fossil fuel extraction must end
The Inflation Reduction Act, the first ever substantial federal climate change legislation, looks almost certain to pass the House and...
- Jul 12, 2022
PNM FAILS TO MEET ANY LEGAL REQUIREMENTS TO AVOID THE PRC'S FINAL ORDER
On June 29th the NMPRC ordered Public Service Company of New Mexico (PNM) to immediately issue a rate credit upon the closure of the San...
- Jul 1, 2022
PNM appeals rate credit - what a surprise! Back to the NM Supreme Court we go
Before the ink had dried on the PRC's order that PNM must issue a nearly 10% rate credits to customers upon the closure of the San Juan...
- Jun 29, 2022
PNM "SHOCKS THE CONSCIENCE" PRC Orders Ratepayers to Receive 10% Rate Credit upon Plant Closure
SAN JUAN GENERATING STATION UNIT 1 WILL FINALLY SHUT DOWN TOMORROW! Today the PRC ordered PNM to issue a rate credit upon the closure of...
- Jun 18, 2022
PRC HEARING EXAMINERS TO PNM:STOP THE PLUNDER
A little after 5pm yesterday PRC Hearing Examiner's issued a recommendation that the PRC reject PNM's plan to continue charging...
- May 23, 2022
Moral Hazard
The evidentiary hearing for San Juan Generating Station costs began today. We are cross-examining witnesses about why PNM is not...
- May 16, 2022
Double recovery? No.
As reported recently in the SF New Mexican, when PNM decided to delay issuing bonds upon abandonment of San Juan, unjustly collecting...
- Apr 6, 2022
PNM scheme to erase cost savings used to justify the ETA bailout will squeeze poorest New Mexicans
"Berenice Reza has no heating or air conditioning in her home: She relies on portable electric heaters during cold weather and fans when...
- Mar 1, 2022
PNM Extends the life of coal and announces plan to double collect on plant abandonment
Today the IPCC released its report titled "Impacts, Adaptation and Vulnerability," detailing the accelerating impacts of rising sea...
- Nov 29, 2021
UNITED IN OPPOSITION TO FOUR CORNERS COAL BAILOUT
New Energy Economy, Albuquerque Bernalillo County Water Utility Authority (“ABCWUA”), the Office of the New Mexico Attorney General,...
- Nov 17, 2021
FOUR CORNERS RECOMMENDATION A GRAVE INJUSTICE
PNM's CEO, who made $8.9M this year, is surely celebrating today and thanking her policy team who crafted the fine print of the ETA. With...
- Oct 25, 2021
Sounding the alarm... again
The Paper. in Albuquerque reprinted last week's Searchlight New Mexico article about PNM's misuse of the Energy Transition Act,...
- Mar 29, 2021
Calling out the failures of New Mexico leadership
The legislative session is over. We join many others in calling for paid legislators, extended legislative sessions that allow for...
- Feb 16, 2021
NM LEGISLATURE CAVES TO UTILITIES AND OIL AND GAS INDUSTRY ONCE AGAIN
The past few days at the legislature have served as a stark reminder of the entrenched power held by utilities and the oil and gas...
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