New Mexico utility tries again with new rate request

Public Service Company of New Mexico

ALBUQUERQUE (AP) — New Mexico’s largest electric utility is renewing its request to raise rates, this time by more than 14 percent.

Public Service Company of New Mexico filed its request with the state Public Regulation Commission on Thursday. A previous attempt was rejected by commissioners earlier this year because the utility failed to provide enough information.

Utility officials say they expect the rate increase, if approved, to be offset by lower fuel costs as well as savings that would be realized through a new coal supply contract if the company’s plan for shutting down part of the San Juan Generating Station is approved.

PNM says revenue raised through the proposed increase would cover the half-billion dollars in investments being made in solar and natural gas power plants, pollution controls and grid maintenance. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s