Public Service of New Mexico (PNM), an investor-owned utility serving 385,000 customers in New Mexico, announced that just two months after launching its PNM Sky Blue green pricing program, it has enrolled about 3,400 residential customers and nearly 40 businesses, far exceeding the company's expectations. PNM has signed up nearly four times as many residential customers as planned and twice as many businesses.
Under the program, residential and small-business customers can purchase 100-kWh monthly blocks of wind energy for an extra $1.80, or a premium of 1.8¢/kWh. Large businesses can purchase wind energy for up to 90% of their electricity usage at the same rate of 1.8¢/kWh. Power for the program is supplied from a new, 204-MW wind project located near Fort Sumner, New Mexico. PNM also sells 50 MW of the wind project output to Salt River Project for its EarthWise Energy green pricing program.
News Release - PNM Energy Project Gets Green Light: More Than 3,400 Residential Customers Have Signed up for "Green Energy"