New Mexico Regulator to Decide PNM’s Coal Plant Securitization After Court Declines to Clarify

The New Mexico Supreme Court on Oct. 3 declined to hear a petition seeking clarification regarding the applicability of the Energy Transition Act to the Public Service Company of New Mexico’s closure and replacement of the San Juan coal-fired plant. The law, which took effect in June, includes provisions to issue energy transition bonds for…

California Enacts Law Reinforcing Authority Over Electricity Procurement

Democratic Governor Gavin Newsom signed legislation on Oct. 2 directing the Public Utilities Commission to review each retail seller’s annual renewable portfolio standard compliance report and notify a seller if it may be at risk of not satisfying the requirement. The law requires the commission to ensure that load-serving entities carry out their integrated resource…

Pennsylvania Set to Join Regional Carbon Market to Cut Power Sector Emissions

Democratic Governor Tom Wolf issued an executive order on Oct. 3, directing the Pennsylvania Department of Environmental Protection to develop rules to join the Regional Greenhouse Gas Initiative, or RGGI, a nine-state compact that established the nation’s first mandatory emissions trading program. The move is significant in that it would bring a major fossil fuel…