PNM to request electric rate increase

Sponsored by

ALBUQUERQUE, N.M. (AP) — Public Service Co. of New Mexico plans to ask state regulators for a rate increase for the utility's electricity customers.

The Albuquerque Journal reports that PNM wants to recover costs for investment in power plants and other infrastructure, and to make up for a decrease in power consumption.

The drop in consumption is attributed to such factors as the state's weak economy, energy conservation and renewable energy sources such as rooftop solar power.

Vice President for Regulatory Affairs Gerard Ortiz says PNM expects to file a rate case with the Public Regulation Commission by December, but he says PNM hasn't yet decided how big of an increase it will request.

PNM last got a rate increase in 2011 when the commission approved a 9 percent increase in customers' bills.

Sponsored by

Most Popular Articles


CURRENT MAGAZINE ISSUE

September 2014
Volume 18, Issue 8
file

Utility Products Topics

Transmission & Distribution
                       Vehicles & Accessories
Tools & Supplies   Safety
Line Construction & Maintenance   Test & Measurement

WEBCASTS

There is no current content available.

UTILITY PRODUCTS BUYERS' GUIDE

POWER INDUSTRY JOBS

Industry Company Pages

Keep up-to-date with the latest news and articles from some of the prominent utility product companies and resources.

BUYER'S GUIDE PRODUCTS

Meter Socket Jumpers - Perfect for Submetering Applications

AEP’s Meter Socket Jumper offers a safe and easy means of bypassing a meter socket. The Socket Jumper can be used with either Ringless or Ring style Meters.

Meter Socket Converter

AE Product’s Meter Socket Converter (CNV) converts various Meter Forms to fit the desired application. 14S, 15S or 16S Socket to accept 2S Meter. Optional features available.

Service Disconnect Adapter with Electronic Meter Energizing

AEP’s Service Disconnect Adapter disconnects customer load but maintains power to the electronic meter. The meter maintains reading and communications links for AMR/AMI operations while only disabling the load side.