in News Departments > FYI
print the content item

The New Mexico Public Regulation Commission (PRC) voted 3-2 to set renewable energy diversification targets for electric utilities - a measure that follows a directive earlier this year from the state legislature that increased the state's renewable portfolio standard to 15% by 2015 and 20% by 2020.

According to the PRC's new rules, public utilities will be required to diversify their renewable energy portfolios so that they include at least 20% solar-generated power and 20% wind-generated power by 2011. At least 10% of the portfolio must come from biomass or geothermal sources, and 1.5% must be derived from distributed generation.

Utilities must now use the Western Renewable Energies Geographic Information Systems to track renewable energy certificates used to demonstrate compliance with the RPS.

Cooperatives will not be subject to the diversity targets in the new rule. In addition, the PRC says, utilities will be excused from the targets should costs of achieving them raise the cost of electricity by more than 2% or if diversification cannot be accomplished without impairing system reliability.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015