Groups oppose call by New Mexico utility for higher rates

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ALBUQUERQUE, N.M. (AP) – A proposal by New Mexico’s largest electric provider to raise its rates is running into opposition.

The water utility that serves Albuquerque and parts of Bernalillo County and an environmental group say Public Service Co. of New Mexico’s application for a rate increase is incomplete and should be rejected by state regulators.

In filings this month with the Public Regulation Commission, the groups say PNM fails to offer any explanation for some of the expenses the utility is expecting in future years.

The groups want the commission to force PNM to refile its application.

PNM is asking regulators to approve a 12 percent rate increase to help cover the costs of new solar-power generating stations, federally mandated pollution controls at the coal-fired San Juan Generating Station and other infrastructure.

(Copyright 2015 The Associated Press. All rights reserved.)

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