PNM To Meet Demand With Natural Gas, Renewables

New Mexico – ALBUQUERQUE, N.M. (KRWG) New Mexico's largest electric utility has a plan for meeting future demand and it includes new natural gas power plants, more renewable energy and greater efficiency.

Public Service Company of New Mexico filed its latest resource plan with state regulators Monday. Utilities are required to submit a plan every three years.

Of the more than 1,100 megawatts of new resources it will need to serve customers by 2030, PNM says more than half will come from new natural gas-fired power plants.

More than a third will come from renewable resources and the rest will come from energy efficiency and load management programs.

The Coalition for Clean Affordable Energy is criticizing the plan. The group says it continues the same business strategies that have led to rate increases in recent years.

Copyright 2011 The Associated Press. KRWG