Energy Transition Act

PNM agreed today to deliver $115 million back to PNM customers in a settlement agreement with advocacy groups. These savings come from switching from expensive coal to solar with battery storage and from expected savings from Energy Transition Act bonds. PNM should have issued bonds when the coal-fired San Juan Generating Station closed in September. The bonds were meant to refinance PNM’s previous investments in the plant that customers would otherwise still have to pay off after the plant was ...

The New Mexico Supreme Court today rejected New Energy Economy’s challenges to the constitutionality of the Energy Transition Act (ETA) and upheld the New Mexico Public Regulation Commission (PRC) decision relating to the coal-fired San Juan Generating Station. These rulings end months of delays in sending transition funds to communities and issuing bonds that will reduce customer costs ...

After announcing it would drop one of its leases in the Palo Verde Nuclear plant last year, this month PNM proposed replacing the energy with 100% solar and battery. In support of its proposal, PNM cited the Energy Transition Act’s requirements and the Public Regulation Commission’s decision last year to choose a 100% solar/storage proposal rather than PNM’s favored gas-inclusive replacement scenario for San Juan Generating Station coal. The replacement proposal will need to be approved by the commission ...

On December 16, the New Mexico Public Regulation Commission unanimously denied El Paso Electric's request to build a 228-MW natural-gas generator, citing EPE’s failure to consider the requirements of the Energy Transition Act ...

Our members and supporters have worked hard to ensure a speedy transition to renewables in the light of the climate crisis and a just transition for workers and communities as the coal economy collapses. The Energy Transition Act represented an innovative path forward supported by the public, the legislature, the Governor, the Navajo Nation, and now the Supreme Court.  ...

On January 29, the New Mexico Supreme Court made a quick and unambiguous ruling that the Public Regulation Commission must apply the law of the land – last year's landmark Energy Transition Act — to PNM's case to retire San Juan coal plant ...

On Tuesday March 12, the New Mexico State House passed SB489, the Energy Transition Act, sending this landmark legislation to Gov. Michelle Lujan-Grisham’s office. Nearly 1,000 New Mexico Sierra Club supporters contacted their legislators in support of this life-saving and economy-fueling legislation ...

View Camilla's videos explaining the Energy Transition Act on Facebook ...

The Sierra Club's Rio Grande Chapter stands in strong support of SB489. This bill will be heard in the Senate Corporations Committee at the Roundhouse Saturday 3/9 morning at 9am in Room 322. Join us in a webinar on Wednesday to understand this bill ...

UPDATE: The Energy Transition Act passed the House on March 12 and is on its way to Gov. Michelle Lujan Grisham’s office to be signed into law! Congratulations to all those who contacted their legislators for an equitable transition to 100% carbon-free electricity in New Mexico!
The most critical piece of state legislation this year and the biggest progress for climate ever in New Mexico gets a crucial vote today, March 11, in the House Judiciary Committee. Please call or ...