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New Mexico regulators approve renewable energy plan 

Ensuring utilities use a certain mix of renewable energy has made compliance with the cost cap difficult. So the commission is allowing more flexibility by increasing the amount of wind power utilities can use to 30 percent. Solar remains at 20 percent, and other categories such as biofuels and geothermal power have been reduced to 5 percent.

Credit:  The Associated Press | 12/18/2012 | www.daily-times.com ~~

New Mexico regulators have approved a plan that spells out how much electric utilities can spend and what renewable energy sources they can tap to meet state standards.

The Public Regulation Commission voted 4-1 Tuesday in a rule-making process aimed at establishing a methodology for utilities to calculate costs for renewable energy.

The annual cost cap that limits renewable energy expenditures will be 3 percent of customers’ bills starting in 2013. That’s up from the current 2.25 percent.

Ensuring utilities use a certain mix of renewable energy has made compliance with the cost cap difficult.

So the commission is allowing more flexibility by increasing the amount of wind power utilities can use to 30 percent. Solar remains at 20 percent, and other categories such as biofuels and geothermal power have been reduced to 5 percent.

Source:  The Associated Press | 12/18/2012 | www.daily-times.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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