Current through Register Vol. 35, No. 18, September 24, 2024
A. An annual Renewable Energy Act plan shall
include plan year and next plan year data. The plan year shall be presented for
commission approval and the next plan year shall be presented for informational
purposes.
B. On or before July 1 of
each year, each public utility shall file with the commission an annual
Renewable Energy Act plan. The filing schedule shall be staggered, as follows,
with each of the investor-owned utility filings occurring one month apart, the
last filing to be made July 1of each year. The utilities shall file
alphabetically each year (el paso electric company shall file on May 1; public
service company of New Mexico shall file on June 1; and southwestern public
service company shall file on July 1 each year).
C. The annual Renewable Energy Act plan shall
include:
(1) testimony and exhibits providing
a full explanation of the utility's determination of the plan year and next
plan year renewable portfolio standard and reasonable cost threshold;
(2) the cost of procurement in the plan year
and the next plan year for all new renewable energy resources required to
comply with the renewable portfolio standard selected by the utility pursuant
to 17.9.572.10 NMAC;
(3) the amount of renewable energy the public
utility plans to provide in the plan year and the next plan year required to
comply with the renewable portfolio standard;
(4) testimony and exhibits demonstrating how
the cost and amount specified in Paragraphs (2) and (3) of this subsection were
determined;
(5) testimony and
exhibits demonstrating the plan year and next plan year procurement amounts and
costs expected to be recovered by the utility;
(6) the capital, operating, and fuel costs on
a per-megawatt-hour basis during the preceding calendar year of each
nonrenewable generation resource rate-based by the utility, or dedicated to the
utility through a power purchase agreement of one year or longer, and the
nonrenewable generation resources' carbon dioxide emissions on a
per-megawatt-hour basis during that same year;
(7) testimony and exhibits demonstrating the
plan year and next plan year procurement amounts and costs expected to be
recovered by the utility if limited by the reasonable cost threshold;
(8) testimony demonstrating that the cost of
the proposed procurement is reasonable compared with the price of electricity
from renewable resources in the bids received by the public utility to recent
prices for comparable energy resources elsewhere in the southwestern united
states;
(9) testimony regarding
strategies used to minimize costs of renewable energy integration, including
location, diversity, balancing area activity, demand-side management, rate
design, and load management;
(10)
testimony demonstrating that the portfolio procurement plan is consistent with
the integrated resource plan and explaining any material differences;
(11) testimony demonstrating that acceptable
system reliability will be maintained with the proposed new renewable resource
additions;
(12) information,
including exhibits, as applicable, that demonstrates that the proposed
procurement was the result of a competitive procurement that included
opportunities for bidders to propose purchased power, facility self-build, or
facility build-transfer options;
(13) demonstration that the plan is otherwise
in the public interest, considering factors such as overall cost and economic
development opportunities;
(14) a
mechanism, with supporting testimony, to prevent the public utility's voluntary
program customers from being subject to charges by the public utility to
recover RPS compliance costs pursuant to Subsection B of Section
62-16-7 NMSA 1978; and
(15) any other information the commission may
deem necessary.
D. In
addition to electronically filing and serving in accordance with 1.2.2 NMAC, a
public utility shall serve notice and a copy of its annual renewable energy
plan filing by first class mail on renewable resource providers requesting such
notice from the commission, the New Mexico attorney general, and the
intervenors in the public utility's most recent rate case. A public utility
shall also post on its website the most recent and the pending annual Renewable
Energy Act plans.
