"Every year El Paso Electric uses this bogus accounting to claim they have exceeded the reasonable cost threshold and therefore cannot use additional renewable capacity. And every year the Public Regulation Commission says, “okay!”'
From NMPolitics.net, August 17, 2016
COMMENTARY: Ignore all the noise you hear about renewable energy being expensive. The most efficient new natural gas power plant costs 7.5 cents a kWh over its lifetime. Solar power generators routinely offer long term purchase power agreements at 4 cents per kWh and falling. Wind power contracts are approaching 3 cents per kWh.Read more