Visitors to opening weekend of the ExxonMobil Albuquerque International Balloon Fiesta were greeted by an unexpected protest against the event’s main sponsor. Satirical protestors supported by WildEarth Guardians and the The Yes Men dressed as sales representatives of a fake oil and gas company, Exxtreme Energy, and offered samples of the company’s “new hydration and […]
Energy Transition
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Oil and Gas Forecast for New Mexico’s San Juan Basin: Going, Going …
This story originally appeared in Capital & Main, an award-winning nonprofit publication whose mission is to educate the public on matters of importance such as economic inequality, climate change, health care, threats to democracy, hate and extremism and immigration. This report is republished here as a part of our commitment to sharing the best in […]
Posted inEnergy Transition
New Mexico Land Office proposes updated geothermal leasing rules
The New Mexico State Land Office will hold a public hearing Sept. 30 to gather feedback on proposed changes to state rules governing geothermal energy leases, officials announced Thursday. The hearing is scheduled for 10 a.m. at Morgan Hall in the State Land Office building at 310 Old Santa Fe Trail in Santa Fe, according […]
Posted inEnergy Transition, Rio Rancho
$312 million solar project now online in Rio Rancho
A 190-megawatt solar and battery storage facility has begun operations in Rio Rancho, marking one of the largest utility-scale energy storage installations in the region. Exus Renewables North America completed the $312 million TAG Solar + Storage project on 1,000 acres in Sandoval County. The facility combines 140 megawatts of solar generation with 50 megawatts […]
Posted inNew Mexico Statewide News
‘Digging holes’ to a cleaner energy future
As researchers unveiled a new report focused on New Mexico’s geothermal potential on Thursday, XGS Energy announced plans to develop a 150 megawatt geothermal closed-cycle facility — meaning the fluid inside is recirculated and not discharged — that will provide electricity to a Meta data center in New Mexico. New Mexico hopes the XGS announcement […]
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PRC accepts comments on electric utility energy efficiency programs, targets
State regulators are accepting public comments about energy-saving targets and incentives for electric utilities as part of a rulemaking required by the Efficient Use of Energy Act. Amendments made in 2019 to the state’s Efficient Use of Energy Act required the PRC to create energy-saving targets and incentives for electric utilities that will be in […]
Posted inEnergy Transition, New Mexico Statewide News
Navajo Transitional Energy Company partners to develop low-carbon coal resources
The Navajo Transitional Energy Company announced a partnership with a North Carolina-based business known as 8 Rivers to look into the feasibility of a coal-fired power plant in either the Powder River Basin of Wyoming or on the Navajo Nation that would be equipped with carbon capture technology. 8 Rivers is developing Allam-Fetvedt Cycle technology […]
Posted inEnergy Transition, New Mexico Statewide News
NM’s largest utility could be sold to Blackstone Infrastructure
By Hannah Grover The parent company of New Mexico’s largest electric utility announced on Monday that it has reached an agreement to be acquired by Blackstone Infrastructure. Under the agreement, Blackstone will acquire TXNM Energy, which owns the Public Service Company of New Mexico, for about $11.5 billion. Under the agreement, Blackstone will acquire TXNM […]
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State regulators approve electric rate increases for PNM customers
By Hannah Grover People who receive electricity from the Public Service Company of New Mexico will see an increase in rates in July followed by another increase in April 2026. The New Mexico Public Regulation Commission approved an agreement between the utility and various intervening parties about the rates PNM customers will pay in the […]
Posted inEnergy Transition, New Mexico Statewide News
Utility says it needs rate hike to meet New Mexico’s 40% renewables goal
By Hannah Grover A utility serving customers in southern New Mexico is asking state regulators to approve a small increase to a rate rider that will support bringing new renewable resources online. El Paso Electric filed a plan with the New Mexico Public Regulation Commission on Friday outlining how it will reach the state-required 40% […]