Public Regulation Commission to rule next week on PNM rates

ALBUQUERQUE, N.M. (AP) — The New Mexico Public Regulation Commission plans to rule next week on a rate increase for more than 500,000 customers of the state’s largest utility.
Public Service Company of New Mexico is requesting an increase of more than $123 million in annual revenue, under which customers on average would see their bills rise by 14.4 percent.
A PRC hearing examiner’s recommendation last month slashed that by two-thirds to about $41 million, which would mean an a