PNM to seek another rate increase

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