PNM files appeal

PNM made it official, filing its notice of appeal with the New Mexico Supreme Court on Wednesday. New Mexico’s largest electric provider is appealing a recent decision by state regulators to reject a proposal to transfer its shares in a coal-fired power plant that supplies customers in New Mexico and Arizona to a Navajo energy company. Environmentalists had criticized the proposed transfer of PNM’s shares to the Navajo Transitional Energy Co., suggesting it would prevent an early closure. However, there hasn’t been any willingness by the plant’s majority owner Arizona Public Service Co. , to end operations early.