STARTING MONDAY, APRIL 11TH, AND FOR THE NEXT THREE WEEKS, PUBLIC REGULATION COMMISSIONERS WILL HEAR PNM’S RATIONALE FOR ASKING TO RAISE IT RATES ANOTHER 14-POINT-4 PERCENT. IT’S A BIG INCREASE, BUT PNM SAYS IT’S NEEDED TO PAY FOR INVESTMENTS IT MADE IN ITS ELECTRIC SYSTEM SINCE THE 2010 RATE HIKE.
CONSUMER AND ENVIRONMENTAL GROUPS OPPOSE THE INCREASE. FOR ONE, THEY SAY RESIDENTAL AND COMMERCIAL CUSTOMERS WILL CARRY THE BRUNT OF IT. SOME OPPONENTS OF THE PLAN ARE EXPECTED AT TODAY’S (MON) HEARING … BUT WILL BE OUT OF LUCK AS THE LAST PUBLIC INPUT MEETING WAS LAST THURSDAY.
