New Mexico Supreme Court August 28, 2007, 29,633 (New Mexico Industrial Energy Consumers v. New Mexico Public Regulation Commission)

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 did not purchase the actual renewable energy represented by the RECs.