ALBUQUERQUE, N.M. (AP) — New Mexico’s largest electric provider plans to ask state regulators to raise rates for their customers.
PNM wants to recover costs for investment in power plants and other infrastructure and to make up for a decrease in power consumption. The drop in consumption is attributed to factors such as the state’s weak economy, energy conservation and renewable sources such as rooftop solar.
The utility expects to file a case for a rate increase with the Public Regulation Commission by December, PNM Vice President for Regulatory Affairs Gerard Ortiz told the Albuquerque Journal (http://bit.ly/1lwe9CZ).
PNM hasn’t yet decided Login to read more