New Mexico regulators to begin talks over PNM rate increases

new mexico elp

SANTA FE, N.M. (AP) — State regulators are slated to begin deliberations over whether New Mexico's largest electric utility can raise its rates by 9.2 percent over the next two years.

The Santa Fe New Mexican reports the state Public Regulation Commission will begin to hear testimony Monday from expert witnesses and attorneys both supporting and opposing the proposal.

The Public Service Co. of New Mexico is seeking $62.3 million from customers to compensate for capital investment costs. Those expenses include maintenance to coal and nuclear power plants, and revenue losses from more energy-efficient appliances and consumer behaviors.

The New Mexico Attorney General's Office, Western Resource Advocates, and other groups have signed on to PNM's rate proposal.

But New Energy Economy, a climate advocacy group, is expected to speak against the rate increase.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs