This audio is auto-generated. Please let us know if you have feedback.
Dive Brief:
New Mexico regulators on May 7 approved Southwestern Public Service Co.’s plan to add roughly 3.8 GW of new, utility-owned generation, along with associated transmission and storage resources, expanding the Xcel Energy utility’s system in eastern New Mexico.
On a 2-1 vote, the New Mexico Public Regulation Commission approved SPS’ plan to add 2,088 MW of gas-fired generation, 1,100 MW of wind, 472 MW/1.9 GWh of storage and 189 MW of solar.
PRC Commissioner Patrick O’Connell dissented, saying SPS’ project portfolio was based on an uncompetitive request for proposals. O’Connell also said the commission should have rejected SPS’ plan to ratebase gas-fired generation, arguing that power purchase agreements would have been more affordable for ratepayers.
