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Tue December 14, 2010
PNM Appeals Cap And Trade Plan
By KRWG News
New Mexico – New Mexico's largest electric utility filed a notice of appeal Tuesday to the state's new cap-and-trade program.
Public Service Company of New Mexico filed its notice with the state Court of Appeals over the plan to establish what state officials call the most comprehensive greenhouse gas pollution reduction regulations in the nation.
The New Mexico Environmental Improvement Board narrowly approved the program last month.
Utility spokesman Don Brown says the program imposes costs on New Mexico other states don't have.
He says it would put New Mexico at a disadvantage in competing for jobs.
Brown also says the utility does not believe the Environmental Improvement Board has the authority to regulate greenhouse gas emissions.
Xcel Energy subsidiary Southwestern Public Service also filed a notice of appeal Tuesday.
Copyright 2010 The Associated Press.