ABB_id2059
in News Departments > Policy Watch
print the content item

The New Mexico Public Regulation Commission (PRC) has voted 4-1 to pass an order establishing a reasonable cost threshold (RCT) for New Mexico's public utilities to use when calculating the amount they spend annually on clean energy in order to meet the state's renewable portfolio standard.

The new RCT requires companies like Public Service Company of New Mexico to spend 3% of its total annual retail revenue on renewable energy. Of that energy, 30% must be generated from wind, 20% from solar and 5% from other green sources like biomass.

Utility cooperatives will also begin complying with a 5% RCT beginning in 2015.


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015