The New Mexico PRC granted two approvals PNM requested to join CAISO’s Western Energy Imbalance Market, but denied one concession the utility deemed key.

New Mexico’s largest utility is still hoping to join the Western EIM, with the move taking on added significance requiring 100% carbon-free electricity.

New Mexico’s PUC vacated an order that had paved the way for the PSC of New Mexico to join CAISO’s Western Energy Imbalance Market by the spring of 2021.

New Mexico regulators gave PNM permission to join the Western Energy Imbalance Market (EIM), clearing the way for participation in April 2021.

Public Service Company of New Mexico (PNM) has applied to join the Energy Imbalance Market by 2021, the EIM Governing Body learned.

FERC accepted transmission calculations submitted by Southwestern transmission-owning utilities in support of their requests for market-based rates.

FERC approved an uncontested settlement agreement granting PNM a 10% base return on equity on its transmission operations.

FERC issued a final rule to clarify and streamline its market-based rate program, the first major update to the policy since codifying it in Order 697 in 2007.