New Mexico Industrial Energy Consumers v. New Mexico Public Regulation Commission
New Mexico Supreme Court
1Opinion of the Court
OPINION
SERNA, Justice.
{1} Pursuant to the Renewable Energy Act (“REA”), NMSA 1978, §§ 62-16-1 to-10 (2004, prior to 2007 amendment), El Paso Electric Company (“EPE”) purchased Renewable Energy Certificates (“RECs”) representing renewable energy generated by Public Service Company of New Mexico (“PNM”); however, EPE did not purchase the actual renewable energy represented by the RECs. Pursuant to the REA, Section 62-16-6(A), EPE sought recovery of the REC costs through its automatic adjustment clause, see NMSA 1978, § 62-8-7(E) (2003). The Public Regulation Commission (“Commission”) approved…
2Cases cited15 opinions
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