June 2003 - Public Service Company of New Mexico (PNM) has filed a revised tariff with the New Mexico Public Regulation Commission to lower the cost of its proposed wind energy option to 1.8¢/kWh from 2.5¢/kWh. Once the program is approved, residential and small business customers will have the option to purchase wind energy in 100-kWh blocks or to meet up to 90% of their monthly electricity needs. Larger business customers will be able to purchase wind energy in various percentages of their total electricity use. The wind power will be supplied from the 204-MW New Mexico Wind Energy Center, which is expected to be operational later this year. PNM hopes to begin subscribing customers for the program in the fall.
News Release - PNM Lowers Price of Renewable Energy