WEDNESDAY’S VOTE BY THE NEW MEXICO PUBLIC REGULATION COMMISSION GIVES PNM A 9 PERCENT RATE HIKE. THE VOTE BY THE PRC WAS 4-TO-1 … WITH LINDA LOVEJOY VOTING AGAINST IT.
THE ALBUQUERQUE JOURNAL REPORTS COMMISSIONERS ALSO MADE A CONTROVERSIAL MOVE BY RULING PNM INVESTMENTS MADE IN RECENT YEARS IN THE FOUR CORNERS POWER PLANT NEAR FARMINGTON WERE NOT PRUDENT … MEANING PNM’S REQUEST TO RECOVER 148 MILLION DOLLARS SPENT ON UPGRADES … LIKE POLLUTION CONTROLS … WAS REJECTED.
