Printer Friendly

PNM Honored for Role in Wind Energy Project.

Business Editors


PNM Resources' (NYSE:PNM) utility subsidiary PNM has been recognized by the American Wind Energy Association's Utility Leadership Award for PNM's role in creation of the New Mexico Wind Energy Center. The award was presented Tuesday at the National Wind Energy Conference in Austin, Texas.

AWEA offers the award each year to an electric utility that has contributed to the advancement of wind energy.

"We salute PNM for making such a large commitment to wind energy," said Randall Swisher, AWEA executive director. "Utility leadership in wind energy development is critical to the continued growth of the industry. PNM's involvement with the New Mexico Wind Energy Center, the third largest wind farm in the world, is an excellent example of the kind of leadership that can serve as a model for other utilities."

"This is an award of which we are particularly proud," said PNM Chairman, President and CEO Jeff Sterba. "Our involvement with renewable energy did not happen overnight or by accident. In fact, it took years of thought, planning and negotiation to make the New Mexico Wind Energy Center a reality.

"We are proud of the difference this facility is making for rural eastern New Mexico, and we'll be proud to give our customers the option to choose renewable energy later this year," Sterba said.

The New Mexico Wind Energy Center will be capable of producing 204 megawatts of power, or enough to supply 94,000 average-sized New Mexico homes. Once operational, it will be the third largest wind-generation facility in the world, according to AWEA. Florida-based FPL Energy will own the facility, and PNM will purchase all of its output.

PNM plans to offer renewable energy to its 385,000 New Mexico electric customers once the facility begins production and state regulators have approved PNM's plan for selling the renewable energy.

PNM is the principal subsidiary of PNM Resources, an energy holding company based in Albuquerque. PNM provides natural gas service to 441,000 gas customers and electric utility service to 385,000 customers in New Mexico. The company also sells power on the wholesale market in the Western United States. PNM Resources' stock is traded primarily on the NYSE under the symbol PNM. For more information about our company, visit
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1U8NM
Date:May 21, 2003
Previous Article:First Community Bancshares, Inc. -FCBC- Announces Shareholder Approval of the Merger with the CommonWealth Bank.
Next Article:First Deltavision Inc. Signs Plan and Agreement of Reorganization.

Related Articles
USEC Executive Tapped for Top Utility Post.
Regulators Approve PNM Renewable Energy Program.
Gov. Richardson Will Join FPL Energy, PNM to Dedicate World's Third Largest Wind Generation Facility.
Gov. Richardson Joins FPL Energy and PNM to Dedicate World's Third Largest Wind Generation Facility.
PNM To Sell 50MW of Power and Renewable Energy Certificates to Arizona Utility.
PNM to Supply Power to Arizona Municipal Utility.
PNM Continues to Expand Its Long-Term Electric Sales Business.
PNM Resources Seeks LEED Certification for New Building; IT Office Building Incorporates Environmentally Friendly Design Features.
PNM to Sell Renewable Energy Certificates to El Paso Electric Co.
PNM's Luna Energy Facility Goes Online.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters