Posted inBusiness, New Mexico

PRC denies PNM 9.7% rate hike to pay for ‘imprudent’ investments in coal, aging nuclear plants

By SUSAN MONTOYA BRYAN Associated Press, ALBUQUERQUE, N.M. (AP) — Regulators rejected on Wednesday an effort by New Mexico’s largest electric utility to recoup from customers millions of dollars of investments made in a coal-fired power plant in the northwestern corner of the state and a nuclear power plant in neighboring Arizona. The Public Regulation […]