PNM Granted Additional Two Weeks to Gain Support for Rate Case Agreement

The rate case schedule for PNM Resources' PNM New Mexico utility, PNM, has been extended an additional two weeks after regulators agreed to give the utility more time to gain support for a stipulation with other parties. PNM has an agreement regarding its pending electric rate increase request with staff of the N.M. Public Regulation Commission and the N.M. Attorney General's Office, which serves as the consumer advocate for residential and small business customers. Today, Commissioners granted the motion and set Feb. 3 as the new deadline for filing a stipulation. If a stipulation does not materialize, the case will proceed on a litigation path according to the new extended schedule.