An ambitious policyMuch of this progress stems from a state law passed in 2019 called the Energy Transition Act. It contains a series of renewable energy mandates, beginning with a statewide standard of 50% renewable energy by 2030. PNM formerly owned the majority of a large coal power plant called the San Juan Generating Station. This plant closed in 2022, and PNM opted to replace all of its capacity from the coal power plant with renewables. The Energy Transition Act established a fund specifically to help Native American communities with the energy transition.