PNM expanding its wind and solar portfolio

New Mexico's largest electricity provider says it has a plan for adding more solar and wind power to its portfolio.

 Public Service Company of New Mexico unveiled its proposal Monday. It must be approved by state regulators. The plan calls for building three solar generating stations in the Albuquerque area and purchasing more electricity from a wind farm in Cibola County. 

PNM says its renewable energy resources will provide enough electricity to power about 132,000 homes by 2015. The utility also expects a reduction in carbon dioxide emissions of about 915,000 metric tons. 

With the proposal, 83 cents would be added to the average residential monthly bill starting in 2014.

PNM expanding its wind and solar portfolio