OPINION SERNA, Justice. {1} Pursuant to the Renewable Energy Act (“REA”), NMSA 1978, §§ 62-16-1 to-10 (2004, prior to 2007 amendment), El Paso Electric Company (“EPE”) purchased Renewable Energy Certificates (“RECs”) representing renewable energy generated by Public Service Company of New Mexico (“PNM”); however, EPE d…
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