ALBUQUERQUE, N.M. (AP) – New Mexico’s largest electric provider will be asking state regulators to consider another rate increase in December.
Public Service Co. of New Mexico has sent letters to a half-million customers, saying it needs to recoup the millions of dollars it’s spending on pollution controls at coal-fired power plants and other improvements to the grid.
The utility says a major part of the request will ensure fulfillment of an agreement between PNM, the state and the U.S. Environmental Protection Agency to shut down two units at the San Juan Generating Station to meet federal haze pollution standards.
The partial closure is scheduled for the end of 2017. Utility officials say they need to have rates decided in time.
PNM plans to release more details of the request in the coming weeks.