New Energy Economy

A federal court in Denver told the Public Service Co. of New Mexico on Thursday it must install equipment to reduce significantly the 16,000 tons a year of haze and ozone and nitrogen pollution produced by the smokestacks at the San Juan Generating Station near Farmington. New Mexico Gov. Susana Martinez and PNM had asked [...]

By Heather Scofield The company behind a New Mexico coal-fired plant often blamed for polluting the air in Southwest Colorado hasn’t been doing enough to clear the way for a better future, a report released Tuesday said. The report, issued by The Sierra Club, New Energy Economy, San Juan Citizens Alliance, Diné CARE and Southwest [...]

Public Service Company of New Mexico (PNM) has put profit above other priorities in the past few years, according to a new report from several advocacy groups. PNM’s initial response to the report is to call it inflammatory and incorrect. Five organizations – The Sierra Club, New Energy Economy, San Juan Citizens Alliance New Mexico, DinE Citizens [...]

The parent company of New Mexico’s largest electric provider on Wednesday announced it has started to turn things around, reporting earnings of more than $176 million for 2011 and improvements in ongoing earnings per share of nearly 25 percent. PNM Resources’ earnings report comes as environmental groups accuse it of pursuing rate hikes, higher profits and [...]

Public Service Co. of New Mexico has raised rates, made a healthy profit and increased executive compensation over the last three years while the company’s customers were losing jobs and struggling to pay their bills during a recession, according to a report released Tuesday by five nonprofit groups. A spokesman from PNM’s parent company, PNM [...]