PNM CUSTOMERS MAY BE GETTING A BREAK. THEY COULD SEE AN INCREASE OF ONLY TWO PERCENT, INSTEAD OF THE 9-PERCENT HIKE ORIGINALLY APPROVED BY THE PUBLIC REGULATION COMMISSION. THE SANTA FE NEW MEXICAN REPORTS THE P-R-C ON WEDNESDAY VOTED 3-2 TO AMEND AN AGREEMENT BY PNM AND OTHER ORGANIZATIONS THAT HAD BEEN AGREED TO LAST YEAR.
A LAWYER FOR PNM SAYS THE LOWER RATE IS POSSIBLE BECAUSE OF NEW FEDERAL TAX RATES SIGNED INTO LAW BY PRESIDENT TRUMP.
