This was lots of fun to write.

[P]NM promotes programs of energy conservation.

These energy conservations programs appear to be a smoke screen to try to mask business interests.

PNM appears to be asking customers to conserve on electricity so that new construction and other causes of electricity increases, like power hungry flat panel LCD and plasma TV purchases, can continue.

Continuation of new construction may not be sustainable for energy shortage reasons. ...

http://www.prosefights.org/pnmelectric/pnmelectric.htm#dearcommissioners