Regional
8:28 pm
Sun June 26, 2011

Hearing Examiner Backs Big PNM Rate Hike

New Mexico – A hearing examiner is backing a proposed 11 percent base rate increase for customers of New Mexico's largest electric utility.

It is now up to the state Public Regulation Commission to make a final decision on Public Service Company of New Mexico's rate plan.

Hearing examiner Carolyn Glick signed off on the increase, although she suggested that a one-time $20 million charge requested by the utility for capital projects be eliminated.

PNM says the base rate increase would add more than $6 over two phases to the monthly bill of a typical residential customer. The first phase could take effect as early as August.

Responses to the hearing examiner's recommendations are due Friday.

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Information from: Albuquerque Journal, http://www.abqjournal.com


Copyright 2011 The Associated Press.