nuclear-news

New Mexico utility to allow nuclear leases to expire

June 15, 2020 A New Mexico utility will exit current leases for nuclear power and will instead develop renewable power by 2040, Kallanish Energy reports.

PNM said it will allow leases for 114 megawatts of electricity power from the Palo Verde Nuclear Generating Station in Arizona to expire.

Replacing that reduced capacity will allow PNM “to integrate more renewable resources that provide the best value to customers and support the path to emissions-free energy,” said the company that is a subsidiary of PNM Resources.

“The increase in renewables combined with ongoing nuclear ownership will maximize cost savings to customers and is essential to achieving our plans of emissions-free energy by 2040,” said Pat Vincent-Collawn, PNM Resources chairman, president, and CEO, in a statement………

The company provides power to 790,000 customers in New Mexico and Texas.  https://www.kallanishenergy.com/2020/06/15/new-mexico-utlity-to-allow-nuclear-leases-to-expire/