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PNM Plans Wind Offering

October 2002 - Public Service Company of New Mexico (PNM), an investor-owned utility serving more than 1.3 million retail electricity customers in New Mexico, plans to seek regulatory approval for a voluntary tariff that will allow its customers to buy wind-generated electricity "for a small monthly premium." The company has entered into an agreement with FPL Energy to purchase the output of a 204-MW wind farm to be developed in eastern New Mexico in 2003. Any power from the project not subscribed by customers under the green pricing program would be sold on the wholesale market, either within New Mexico or outside of the state. When operational, the wind project will represent about 8% of the utility's total generating capacity.

News Release - PNM, FPL Energy Agreement Will Bring Major Wind Facility to Eastern New Mexico

News Article - PNM Takes Wind Farm for a Spin - No longer at abqjournal.com



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