Higher Electricity Rates
SB489 on Tipping Point New Mexico Podcast
Attorney and utility expert Germaine Chappelle returns to the Rio Grande Foundation's Tipping Point New Mexico Podcast to discuss SB 489 the Energy Transition Act. This legislation just passed the New Mexico Senate (although it had not when we recorded earlier in the...
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Tell Your Representative 90 days for $70 million in Savings is A Good Deal
Senate Bill 489 has passed the Senate and is now heading to the House of Representatives. Unfortunately, this bill does not contain a provision that will allow the City of Farmington the 90 days it needs to vet a proposal that would allow a third party to buy San Juan...
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PNM’s plan to close San Juan Generating Station Examined
PNM’s “rationale” for seeking to close San Juan Generating Station was thoroughly examined during the company’s Integrated Resource Plan filing with the New Mexico Public Regulatory Commission. The company’s justification for its plan were severely lacking. In fact,...
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Why SB489 is so bad for New Mexico utility customers
Senate Bill 489 (click to download) bails out New Mexico's largest public utility, PNM. This bill doesn't even contemplate protecting electric customers from rapidly increasing electric rates. This bill is bad public policy that if enacted without adequate safeguard...
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Add A Rate Cap to Senate Bill 489
Senate Bill 489 has something for almost everyone, except the utility customers that will need to fund this monumental transition to renewable energy. The bill has a bailout for PNM to ensure that its shareholders don’t have to face the negative financial consequences...
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PNM’s plan will hurt San Juan County – We need more time
PNM’s plan to rush the closure of San Juan Generating Station is going to cost us in San Juan County dearly. Closure will cause extreme job loss, higher property taxes and higher electric rates. After pushing to implement this poorly analyzed plan, PNM...
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Protect New Mexicans from rapidly rising electric rates…
Renewable energy advocates claim that their plan will lower our electric costs, but are they telling us the whole story? If renewables are supposed to save us money, why do we need renewable mandates at all? Data shows that states with renewable mandates...
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Transition to renewables shouldn’t cost utility rate payers
Opinion Post from Farmington Daily Times. Paul J. Gessing, Rio Grande Foundation Published 5:33 a.m. MT Feb. 5, 2019 | Updated 12:51 p.m. MT Feb. 5, 2019. Environmental groups, Governor Lujan-Grisham, and even Public Service Company of New Mexico want us to believe...
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Are PNM’s Stranded Costs of Their Own Making?
The rationale for utility stranded cost recovery is controversial. This rationale for recovery is predicated on the concept of the “regulatory compact.” The specifics of such a “regulatory compact” is not explicitly defined nor generally agreed upon by the various...
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The Impact of PNM’s Plans on Tipping Point New Mexico
Listen to Germaine Chappelle's discussion on the Rio Grande Foundation's Tipping Point New Mexico Podcast. Germaine addresses a variety of issues with hosts Paul Gessing and Dowd Musca. Hear about the issues related PNM's plan for San Juan Generating Station including...
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Tom Steyer’s Energy Orders – The Californian seeks to raise costs for the hoi polloi in other states
Wall Street Journal By The Editorial Board Updated Oct. 19, 2018 7:32 p.m. ET Progressive money man Tom Steyer has many causes—impeaching Donald Trump, electing Senate Democrats, and this year ballot initiatives to impose renewable-energy mandates on voters who don’t...
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Prop. 127, Arizona’s renewable energy initiative, comes down to just 4 words
Editorial board, Arizona Republic Published 6:08 a.m. MT Oct. 25, 2018 Opinion: The debate surrounding Arizona's Prop. 127 has been needlessly complicated. The clean energy mandate comes down to just four words: Right idea, wrong tool. One day Arizona will be powered...
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