300 PNM WORKERS WILL LOSE THEIR JOBS IF THE UTILITY DOESN’T GET THE RATE INCREASE IT’S REQUESTED. PNM HAS ASKED FOR A 14-POINT-4 PERCENT RATE HIKE, WHICH WOULD GIVE IT 123-AND-A HALF MILLION DOLLARS MORE OF ANNUAL REVENUE. BUT A HEARING EXAMINER WITH THE PRC HAS RECOMMENDED THAT BE CUT BY TWO THIRDS TO 6-POINT-4 PERCENT, OR 41-POINT-3 MILLION DOLLARS A YEAR.
THE PRC IS EXPECTED TO MAKE A DECISION ON THE MATTER BY AUGUST 31ST.
