ABOUT 75 PEOPLE TURN OUT FOR THE START OF THE PRC HEARINGS ON PNM’S RATE HIKE REQUEST IN SANTA FE MONDAY. THEY SHOWED UP TO PROTEST PNM’S PROPOSED 14-POINT-4 PERCENT RATE INCREASE. NEARLY 20 GROUPS HAVE INTERVENED IN THE REQUEST.
CONSUMER AND ENVIRONMENTAL GROUPS SAY THE 123-AND-A-HALF MILLION DOLLARS PNM WANTS WOULD BE BETTER SPENT ON CLEAN ENERGY EFFORTS THAT COULD CREATE MORE JOBS. PNM SAYS IT NEEDS THE BOOST TO HELP PAY FOR ITS INVESTMENTS IN THE SAN JUAN GENERATING STATION NEAR FARMINGTON.
THE PRC HEARINGS WILL CONTINUE FOR THE NEXT THREE WEEKS UNTIL APRIL 29TH.
