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Monday, April 09, 2012

PNM Ratepayers Deliver More than 3,000 Petitions Demanding that Utility Invest Huge Profits in Clean Energy

On Tuesday, April 10, members of Sierra Club, SouthWest Organizing Project (SWOP), Dine Citizens Against Ruining our Environment (Dine CARE), CREDO Action, and 350.org will deliver more than 3,000 petition signatures to Public Service Co. of New Mexico (PNM) CEO Pat Vincent-Collawn at PNM’s headquarters in Albuquerque, demanding that the utility use their huge profits to invest in clean energy instead of relying on old, dirty coal-fired power plants. The petition signatures were collected online in response to a recent report from the organizations called “Perspective on PNM,” which exposed the utility's massive corporate profits and extravagant executive compensation, as well as PNM’s meager investment in clean energy and efficiency programs.

The “Perspective on PNM” report found that since 2008, PNM's electricity rates have increased by 41 percent, adding $250 per year to the average residential ratepayer's bill in the midst of the recession. The report also revealed that the company has directed 79% of its recent rate increases to corporate profits, and less than 6% to efficiency and renewable energy. In addition, PNM lags behind other New Mexico utilities in meeting state laws for renewable energy investments and efficiency programs that create jobs, cut pollution, and save people and small businesses money.

VISUALS: New Mexicans with colorful signs, pies with 6% slices cut out, to represent PNM’s paltry investment in clean energy.
WHAT: Rally and Petition Delivery to PNM
WHO: Sierra Club, SouthWest Organizing Project, Dine CARE, Project 350NM, and CREDO Action

Speakers:

  • Juan Reynosa, SouthWest Organizing Project (SWOP)
  • Donna House, Dine Citizens Against Ruining our Environment (Dine CARE)
  • Shrayas Jatkar, Sierra Club
  • Deirdre Smith, Project 350NM

WHEN: Tuesday, April 10, at Noon (12pm)
WHERE: 414 Silver Avenue, SW, Albuquerque, NM 87102 (Map)

April 9, 2012 at 12:33 PM in Action Alerts, Energy, Environment, Green Economy, Regulation | Permalink

Comments

I attended and was pleased to see about 2 dozen people carrying signs. At first PNM security told us that PNM owns 1/2 the sidewalk and we would all have to move over. They reconsidered and later told us that they were concerned about allowing pedestrians enough space to pass on the sidewalk.

After some speeches --- did you know that PNM hasn't yet met the state's 10% goal for renewable energy in its portfolio --- Shrayas Jaktar went inside to hand deliver petitions urging PNM to transition to renewable energy. I followed to take photos but PNM security told me that I was not authorized inside.....and not allowed to take pictures. When I expressed surprise, security said "this is private property - out!"

PNM executives don't want to be shamed on camera.

Posted by: Lora Lucero | Apr 10, 2012 5:50:26 PM