Despite the recent release of results from a study on the two competing day-ahead markets in the West, two New Mexico utilities said they need to conduct more analysis before they make a choice.

The New Mexico Public Regulation Commission will dive into a report on the financial implications of a Western day-ahead electricity market.

Many at the joint conference focused on the eventual result of the contest between CAISO's Extended Day-Ahead Market and SPP's Markets+ to organize the West's electricity market.

When it comes to choosing between Western day-ahead market offerings, who else is participating in the market is a key consideration, a representative of a New Mexico utility said.

State regulators have launched a process to develop “guiding principles” regarding participation in a regional day-ahead market or RTO.

While PNM awaits a court decision that could revive a merger with Avangrid, PNM officials say they’ll keep running the company like it’s a standalone business.

Avangrid announced Wednesday that its net income increased 16% in 2022 over 2021 but projected flat financials in 2023.

Less than two weeks after the governor appointed new members to the New Mexico PRC, one member has resigned and a replacement has been named.

New Mexico Gov. Michelle Lujan Grisham appointed three members to the state’s revamped Public Regulation Commission, which previously had five elected members.