electric rates

The structure of a commission charged primarily with regulating public utilities in New Mexico is on the ballot this fall as voters weigh Constitutional Amendment 1. If approved, the measure would see the Public Regulation Commission turn from an elected body to one made up of appointed commissioners. Some of the disagreements around the measure reflect differing views on what qualities a commissioner should have and what their priorities should be.

The Public Regulation Commission voted unanimously to reject PNM’s application to raise rates by 16 percent for residential users.

New Mexico’s largest electric utility plans to appeal a Public Regulation Commission hearing examiner’s decision to reject a rate hike proposal. 

Public Service Company of New Mexico has two weeks to file objections with the PRC after their request to increase rates by more than $ 100 million was dismissed on Friday.

New Mexico's largest electric utility wants another rate increase.  Public Service Company of New Mexico's earning are down as customers conserve more.