State seeks details on electric utility’s proposed rate hike

ALBUQUERQUE, N.M. (AP) – State regulators have ordered an electric utility to outline potential consequences of a recommended rate increase that its company officials have called unreasonable.
The Albuquerque Journal reports the New Mexico Public Regulation Commission issued the order for Public Service Company of New Mexico last week. The utility has until Tuesday to file a response.
The order comes after commission hearing examiner Carolyn Glick recommended cutting PNM’s rate hike