PNM Issues New Renewable Energy Plan

New Mexico – Public Service Company of New Mexico has submitted a new plan to incorporate renewable energy into its portfolio.

It's very different from an initial proposal that sparked a firestorm of criticism from the renewable energy industry, environmentalists and consumer advocates.

The state's largest utility says it will expand incentives for customers who install solar equipment on their property and build large-scale solar plants made up of hundreds of thousands of panels at various sites around New Mexico.

PNM's initial proposal called for scaling back its solar incentive programs.

Company spokeswoman Cathy Garber said PNM must meet state requirements while trying to keep electricity affordable for its customers.

Copyright 2010 The Associated Press.