PUBLIC SERVICE COMPANY OF NEW MEXICO CONTINUES ITS PUSH TO GET A 12 PERCENT RATE HIKE. A HEARING EXAMINER SAYS THE REQUEST IS INCOMPLETE AND ADVISED THE PUBLIC REGULATION COMMISSION TO MAKE THE UTILITY REFILE IT.
THE ALBUQUERQUE JOURNAL REPORTS PNM IS NOW ASKING THE PRC TO REJECT THAT RECOMMENDATION. IT SAYS ITS REQUEST IS COMPLETE AND MEETS THE STANDARDS FOR RATE CASES. THE HEARING EXAMINER SAID IT LACKED SUFFICIENT INFORMATION ON HOW PNM CALCULATED THE ESTIMATED COSTS IT WANTS TO RECOVER WITH HIGHER RATES.
