PNM to seek another rate increase

stockimg PNM Building Downtown

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.

KRQE.com 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:

WordPress.com Logo

You are commenting using your WordPress.com 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