PNM rate hike approved, at lower rate than previously proposed | KOB 4
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PNM rate hike approved, at lower rate than previously proposed

KOB.com Web Staff
January 19, 2018 10:41 PM

ALBUQUERQUE, N.M. – PNM has thrown its support behind a rate hike for customers, negotiated on by state regulators.

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The plan calls for a hike of about one percent spread out over two years, much lower than the previously proposed hike of eight percent over two years. 

It's set to close a contentious case that had both sides unable to agree on coal-related investments.

The federal tax overhaul also played a role, with the utility planning to pass along savings from lower corporate tax rates.

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KOB.com Web Staff

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