PNM promoting low-cost, low-risk energy resource

April 8, 2013 | By Barbara Vergetis Lundin

Public Service Company of New Mexico (PNM) is announcing a significant increase in customer savings from its 2012 energy-efficiency programs.

According to PNM, its business and residential customers saved 79 million kWh per year from energy-efficiency programs implemented in 2012, representing a 38 percent increase over 2011. Further, the efficiency measures installed in 2012 will save customers $36 million on utility bills over the lifetime of the measures, taking into consideration the cost of the measures, PNM's program costs, and a performance incentive to which the utility is entitled.

In light of these results, PNM is on track to meet 2014 energy savings requirements established by the New Mexico legislature as part of the Efficient Use of Energy Act of 2005.

PNM programs implemented during 2008-2012 are saving 271 million kWh per year and will provide customers $186 million in net economic benefits, according to PNM's annual reports.

"PNM has demonstrated that helping customers save energy is the lowest cost, cleanest and least risk energy resource available to the utility," said Tammy Fiebelkorn, a representative of Southwest Energy Efficiency Project (SWEEP) New Mexico.

Currently, a new program -- the Energy Efficiency and Load Management Program Plan -- is under review by the New Mexico Public Regulation Commission.

For more:
- see this article

http://www.fierceenergy.com/story/pnm-promoting-low-cost-low-risk-energy-resource/2013-04-08