New Mexico on Track to Meet Mandated Energy Efficiency Target

New-Mexico

PNM well on its way to meeting energy efficiency target

Fierce Energy, December 22, 2014

Public Service Company of New Mexico (PNM) has had a very successful run with the energy-efficiency programs it established in 2007 and appears to be well on its way to reaching the state’s mandated energy-efficiency target. However, the state recently asked regulators for a rate increase to partially cover loss of revenue attributed to the reduced energy demand those programs have brought about.

PNM and the state’s other two utilities are to lop five percent off 2005 energy sales this year, and eight percent by 2020, as required by the state’s Efficient Use of Energy Act. Utility officials fully expect to meet that target. “The first big goal for utilities became effective this year. We don’t have the final numbers for 2014 yet, but we do project that we’ll achieve the goal outlined in the act,” Steve Bean, energy-efficiency design manager for PNM told the Albuquerque Journal.

Public Service Company of New Mexico (PNM) has had a very successful run with the energy-efficiency programs it established in 2007 and appears to be well on its way to reaching the state’s mandated energy-efficiency target.

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