IT HASN’T BEEN APPROVED SO FAR … BUT YOU’RE NOT THE ONLY ONE WORRIED ABOUT ANOTHER PNM RATE HIKE. THE CITY OF ALBUQUERQUE DOESN’T THINK IT CAN AFFORD THE INCREASE PNM IS REQUESTING. IF THE PUBLIC REGULATION COMMISSION APPROVES IT, RATES WOULD GO UP ABOUT 14 PERCENT.
THE CITY COUNCIL ON WEDNESDAY MEETS WITH PRIVATE LAWYERS TO DISCUSS THE PNM RATE HIKE … THEN IS EXPECTED TO DISCUSS IT AT TONIGHT’S (WED) MEETING. PNM SAYS IT NEEDS THE INCREASE BECAUSE IT INVESTED 650 MILLION DOLLARS IN SOLAR AND NATURAL GAS.
COMPANY OFFICIALS SAY IF THEY DON’T GET IT THIS TIME AROUND, THEY’LL REQUEST IT AGAIN.
