DISALLOWANCE OF FULL COST RECOVERY for the purchase of nuclear (64 Megawatts) and nuclear lease extension (114 Megawatts) because the purpose of a prudence review is to hold ratepayers harmless from any amount imprudently invested.
Will you send a letter to the PRC right now, and let them know you agree?
To read all the background on this action at our website, CLICK HERE.
We have already delivered over 500 letters to the Public Regulation Commission concerning PNM's imprudent investment in dangerous and expensive nuclear energy.
While we are no longer asking supporters to flood Commissioners with emails, we encourage everyone to continue registering your comments into the public record.
Letter to the New Mexico PRC
New Mexico Public Regulation Chairwoman Becenti-Aguilar
New Mexico Public Regulation Vice Chair Espinoza
New Mexico Public Regulation Commissioner Byrd
New Mexico Public Regulation Commissioner Fischmann
New Mexico Public Regulation Commissioner Hall
P.O. Box 1269
Santa Fe, N.M. 87504-1269
Dear PRC Commissioners,
Please consider this letter for public comment 15-00261-UT (Remand)
Thank you for your commitment to protect consumers and for holding the regulated utilities to their legal burden of proof.
As a New Mexico resident, I am gratified by the New Mexico Supreme Court’s excellent decision in overturning PNM’s 2016 rate case, judging PNM as imprudent in its processes.
I am urging the PRC disallow full cost recovery for PNM’s imprudence in its purchase of nuclear (64 MW) and nuclear lease extension (114 MW). After all, the purpose of a prudence review is to hold ratepayers harmless from any amount imprudently invested.
Nuclear should not be allowed to serve our electric needs unless PNM can show that the total Palo Verde nuclear investment (178 Megawatts) is the “most cost-effective resource among feasible alternatives”. In order to do so, nuclear must be evaluated on a consistent and comparable basis with solar, wind, and storage. In addition, you must take into consideration the following cost risk for liabilities:
1. Nuclear waste is radioactive for tens of thousands of years;
2. intensive water consumption;
3. history of cancer, sickness, and death and environmental catastrophe from uranium milling contamination.
This position is entirely consistent with the 2016 PRC Recommendation of the Hearing Examiner who heard all the evidence, judged the credibility of the witnesses and evaluated the arguments and the law in PNM’s 2016 rate case.
$1.5 billion is better spent investing in solar and wind in New Mexico, creating family-supporting jobs at home, rather than radioactive nuclear in Arizona.
New Energy Economy
343 E. Alameda St.
Santa Fe, New Mexico 87501
info@NewEnergyEconomy.org | 505-989-7262
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