New Mexico utility’s call for renewables includes hydro

Public Service Co. of New Mexico seeks proposals for power from a variety of renewable resources, including hydropower, to help it meet a state renewables portfolio standard. Proposals are due Oct. 15.

A pre-bid conference is planned July 30, with notices of intent to bid due Aug. 1.

PNM, a subsidiary of Albuquerque-based PNM Resources, said it wants more than 700 gigawatt-hours annually, beginning in 2009 and no later than 2011. It seeks all associated environmental attributes, including renewable energy certificates, to comply with the renewables portfolio standard. PNM said it would consider offers for asset purchases, power purchase agreements, renewable fuels, or other arrangements.

The renewables portfolio standard requires utilities to obtain 6 percent of their New Mexico retail sales from renewable sources in 2008-2010. That increases to 10 percent in 2011, 15 percent in 2015, and 20 percent in 2020. Hydropower is among a number of renewable energy sources that the state said can help utilities meet the requirement.

PNM said it plans to complete final analysis of proposals Nov. 5, and to notify winners by Nov. 22. The utility said it expects to complete contract negotiations in February 2009, and to initiate the approval process with state regulators later that same month.

PNM will hold the July 30 pre-bid conference at PNM headquarters. A dial-in number is provided for parties who cannot attend. Additional information about the pre-bid conference is included in the solicitation, which is available on the utility’s Internet site, www.pnm.com/rfp.

Proposals are due Oct. 15 to the address below. For information, contact RFP Administrator, Public Service Co. of New Mexico, Alvarado Square MS 1006, Albuquerque, NM 87158-0001; (1) 505-241-4700; E-mail: renewableRFP@pnm.com.

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