ALBUQUERQUE, N.M. — The New Mexico Public Regulation Commission accepted $115 million in PNM fee credit throughout its assembly Thursday.
Final month, Legal professional Common Raúl Torrez introduced these credit as part of a settlement centered on PNM closing the San Juan Producing Station.
Commissioner James Ellison had preliminary opposition to the approval. He stated he had extra questions concerning the worth of the settlement.
“I see a special quantity as having been calculated as over-collected or could have been over-collected by the tip of this 12 months,” Ellison stated.
Nonetheless, Commissioner Pat O’Connel emphasised he had belief within the settlement.
“The factor that I actually put a whole lot of weight on is that this was a unanimous settlement amongst a really numerous set of events to the case. And I can’t consider a case that had a extra numerous group,” O’Connell stated.
O’Connell added he didn’t need to preserve prospects ready.
Final June, the PRC ordered PNM to situation the credit. Then, PNM objected and the New Mexico Supreme Court docket granted them a delay.
The settlement and Thursday’s determination imply PNM prospects will lastly see that credit score.
Prospects can count on a credit score of round $9 a month for the subsequent 12 months. Enterprise homeowners can contact PNM to see how a lot their credit score will likely be.
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