Monday, August 15, 2011

New PNM Electric Rates Begin August 21, 2011

After a very long and costly regulatory process, a $72 million rate increase approved by the N. M. Public Regulation Commission has been finalized.  That means that starting August 21, PNM bills will be calculated based on the new rates.   We know there is never a good time to raise rates, but sometimes rate increases are necessary to keep your electric service safe and reliable, and to support our state's continued economic growth.

This is a 9.2 percent increase that will go into effect all at once rather than the two phases that we had proposed.  How it will affect you may depend on how much electricity you use.   More ......

Article Courtesy of William Frye, Director of PNM Customer Service