Meeting started @ 930 AM and I dropped off @ 130 PM, with a brief break when Comcast service dropped me off. Did not miss too much.
Last March, the NM PRC lost its office space and just leased new space in downtown Santa Fe for 40 or so of its 130 staff. State agencies like the Attorney General and Treasurer do have offices.
Given the fact that Hearing Examiners and General Counsel do have to work closely, working remotely makes the job harder.
At last week's meeting the problems of the week Feb 11-18 came
up. Bad weather produced a need for more natural gas use, both by
gas utilities and electric who burn the gas to make electric
power. Reserves were short so some TX gas providers charged 100X
the usual price. The NM Attorney General is asking questions,
possibly leading to a full investigation and charges. However,
the NM PRC will ask its utility, both gas and electric, about the
impact of the higher prices and the future billing of consumers.
Importantly, what steps the utilities will take to reduce future
problems of high gas prices by getting better contracts/and/or
vendors of gas. NM Gas had built in some reserve capacity. In
2011, there was a cold spell which resulted in NM Gas dropping
service to some customers.
NM PRC is working with Sandia Labs to model the energy transition from fossil fuel to renewables. As electric vehicles become more common, the issue of how/when these vehicles are recharged will be a totally new factor
Some data from the El Paso Electric presentation:
Currently natural gas is 66% of capacity and nuclear 29% with renewal 5%. In the next two years, that will change to 59%, 25% and 16%. I have asked EPE for future plans for renewables as well as storage and battery capabilities.
EPE is very customer oriented and plans to provide alerts on high bills; also the company does work on economic development. The Western Grid, of which EPE is a member, works to maintain reliability and a modern and well functioning grid.
The grid is a connecting system between utilities to supply power when there is a sudden demand which can not be met by that utility. TX has a major problem which has political issues. EPE is NOT part of the TX grid system
Chairman Fischmann has called for a review of Return on Equity which is a study of how much the utilities under regulation earned v. their allowed return (I think you all know the answer, but a study is needed to prove it!!)
George Richmond
WHAT THE NM PRC REGULATES....all in NM and more than they should be doing:
The
PRC regulates (has jurisdiction over) consumer issues relating
to:
I think the Transportation, Pipeline and Fire Marshall could be
in another agency. Fire Marshall certainly could go to Public
Safety, for example.
-- George M. Richmond 152 Juniper Hill Road, NE Albuquerque, NM 87122-1913 C: 505-280-2105 E: geomrich1@comcast.net