New Mexico regulators to begin talks over PNM rate increases

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 Company of New Mexico is seeking $62.3 million from customers to compensate for capital investment