Emissions
Emissions
PNM, our sole regulated utility with generation operations, has significantly reduced emissions over the past 16 years through investment in pollution control technologies, the retirement of fossil generation, the increased use of renewable energy and natural gas, and the development of extensive energy efficiency programs for customers.
The retirement of Units 2 and 3 of SJGS in 2017 resulted in significant emission reductions.
Emissions Reduction Goals
Looking forward, we have set even more ambitious goals to slash our air emissions as we transition away from coal and increase our share of renewable energy generation. Our proposed generation portfolio would achieve dramatic reductions in carbon dioxide emissions, as well as other emissions, with the full exit from SJGS in 2022, all coal by the end of 2031, and our goal to be emissions‐free by 2040.
Forward-Looking Statements
Statements made in this Report that relate to future events or our expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. We assume no obligation to update this information.
Because actual results may differ materially from those expressed or implied by these forward-looking statements, we caution readers not to place undue reliance on these statements. Our business, financial condition, cash flows, and operating results are influenced by many factors, which are often beyond our control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. These factors include the risks and uncertainties described in the "Risk Factors," "Quantitative and Qualitative Disclosures about Market Risk," and "Management's Discussion and Analysis" sections of our Forms 10-K and 10-Q filed with the SEC.
