New Mexico’s largest public utility rejected by state supreme court


Public Service Co. of New Mexico went before the New Mexico State Supreme Court and lost this week as the justices denied the state’s largest electric utility a rate rider to collect millions of dollars more from customers under New Mexico’s Renewable Energy Act.

It was a unanimous ruling to reject PNM’s appeal of a decision by the state Public Regulation Commission. The original request was complicated and involved a law that allowed utilities to derive 20% of their produced electricity to come from renewable sources and increase the amount to 40% by 2025. The Las Cruces Bulletin reported PNM wanted 50% by 2030, 80% ten years later and 100% by 2045.

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