PNM accused of withholding information

ALBUQUERQUE (KRQE) – There’s concern PNM is underestimating the costs that will be passed on to customers if part of its coal fired plant is shut down in the four corners.

The Environmental Protection Agency had ordered PNM to install new equipment to cut emissions at the plant but the company argued it was too expensive and would force higher prices.

Now PNM is proposing a partial closure of the plant.

The Santa Fe based group New Energy Economy has filed a complaint with the PRC accusing PNM of withholding key information.

The group says PNM didn’t include more than half a billion dollars that ultimately could be passed on to customers.

PNM says it stands behind its numbers.

State regulators will consider PNM’s proposal during an October hearing.

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