THERE’S A RULING FROM THE STATE SUPREME COURT REGARDING PNM’S RECENT RATE HIKE. THE COURT ON MONDAY SAID THE UTILITY CAN MOVE FORWARD WITH THE INCREASE BUT ALSO CAUTIONED THE COMPANY THAT IT COULD BE ORDERED TO PAY CUSTOMERS BACK IF THE HIKE IS DETERMINED TO BE UNLAWFUL.
THE COURT HAD BEEN ASKED TO PLACE AN EMERGENCY HOLD ON THE RATE HIKE UNTIL THERE’S A DECISION ON AN APPEAL OF THE INCREASE.
