PNM’S RATE HIKE REQUEST JUST GOT SMALLER. THE UTILITY INITIALLY WANTED A 14-POINT-3 PERCENT INCREASE, WHICH WOULD HAVE BROUGHT IN JUST OVER 99 MILLION DOLLARS MORE A YEAR. BUT A SETTLEMENT AGREED TO LAST FRIDAY DROPS THE RATE HIKE TO NINE PERCENT, WHICH WOULD GENERATE 62-MILLION DOLLARS A YEAR FOR PNM. …… MORE