THE STATE PUBLIC REGULATION COMMISSION IS MAKING PNM REFILE ITS RATE INCREASE APPLICATION. COMMISSIONERS VOTED UNANIMOUSLY … 5-TO-0 … WEDNESDAY TO DISMISS THE UTILITY’S REQUEST FOR A 12-PERCENT RATE HIKE.
THE P-R-C SAYS THE INFORMATION PROVIDED WAS INCOMPLETE. IF THE INCREASE HAD BEEN GRANTED, THE HIGHER RATES WOULD HAVE GONE INTO EFFECT NEXT JANUARY.
