Wednesday, February 01, 2006PNM: Generating Energy And Political Power Too, Plus: Heather & Patsy: They're Armed And Dangerous; Cash Piles Up; Grab That Mouse & Let's Blog!The energy authority would involve the state in building transmission lines to export wind and other power to California. It comes on the heels of 2004 legislation that mandates the state's utilities to generate 10 percent of their electricity from "renewable resources." (But only if the expense is "reasonable.") ABQ GOP State Senator Bill Payne questioned why cash-flush utilities like PNM shouldn't build those transmission lines and leave the taxpayers alone. On the other hand, argues the Guv, a former U.S. Energy Secretary, developing wind and solar energy and such is a major endeavor that requires government and business collaboration. STERBA'S STORY Jeff Sterba But recent utility critic Senator Payne picked up $750 from PNM and even ABQ GOP Senator Carraro, who has since called for an investigation of big PNM exec bonuses, managed to snag a $750 04' contribution. Sterba isn't the only one burning both ends of the candle. Our "centrist" Governor is also happy to do so--satisfy the enviros with renewable energy plans and then have the state help out the utilities by building transmission lines. Do you think Jeff and Bill talked about that on their recent trip to North Korea? BY THE WAY PNM Resources continues to be the subject of the Wall Street rumor mill where some analysts see it as a prime takeover target. But the company's stock is trading near its 52 week low, perhaps reflecting dimmer prospects for an imminent takeover as well as lowered earnings expectations for this year. FIRST THE MONEY, THEN THE VOTES In 04' Wilson raised $3.4 million and challenger D Richard Romero made it past $2 million. Madrid can expect to do better than Romero, but as the incumbent Rep. Wilson is still expected to be first, at least when it comes to money spent. Who comes out first in the vote-count is a matter of considerably more suspense. We all talk about how much money the candidates raise, but not much about how and where they spend it. So here's an example for you from Heather's latest expense sheet. Of course, it's the TV stations that will again be the big winners. Millions will pour into their coffers as major candidates of all stripes flood the 06' airwaves. That's the real driver behind our big money politics, but efforts to change it have met with stiff resistance, especially from the National Association of Broadcasters. How shocking. WELCOME BACK CVNM And don't forget to e-mail me your news so we can keep the politics coming and, as always, thanks for making us part of your day. (c)NM POLITICS WITH JOE MONAHAN 2006 Not for reproduction without permission of the author |
![]() ![]() |