NEW MEXICO’S BIGGEST UTILITY HAS BEEN TOLD BY THE PUBLIC REGULATION COMMISSION TO REFILE ITS APPLICATION FOR A 12-PERCENT RATE INCREASE, DUE TO A LACK OF INFORMATION. PAHL SHIPLEY, SPOKESMAN FOR PNM, SAYS THEY’RE CONSIDERING ALL THEIR OPTIONS, INCLUDING THE POSSIBILITY OF AN APPEAL. HE SAYS A DECISION ON THAT HASN’T BEEN MADE YET.
SHIPLEY SAYS PNM DISAGREES WITH THE P-R-C’S FINDINGS AND FEELS THE DECISION IS INCONSISTENT WITH HOW PREVIOUS CASES HAVE BEEN HANDLED.
REFILING THE APPLICATION WILL SET THE HEARING PROCESS BACK BY MONTHS.
