Pnm Rate Increase 2024. Pnm’s $63.8 million request included a 10.25% return on equity and 52% equity capitalization ratio of its $2,713 million rate base. Pnm argues that its requested 9.7% rate base increase will pay for costs sustained while updating technology and moving away from fossil fuels.
Pnm filed a rate change to increase it starting in 2024. Pnm’s $63.8 million request included a 10.25% return on equity and 52% equity capitalization ratio of its $2,713 million rate base.
This Would Be The First Time In Five Years That New Mexicans Could Get More Expensive Billing Rates Under Pnm.
Below are all of the documents we submitted to the.
People Who Live In Public Service Company Of New Mexico’s Service Territory Will See A 9.7 Percent Increase In The Base Rate For Electricity Starting In January 2024,.
Key facts about the pnm rate case.
The Public Service Company Of New Mexico Plans To File A New.
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Public Service Company Of New Mexico, Or As It’s Better Known As Pnm Has Announced Plans To Seek A Rate Increase For 2024.
The new bill for an average resident using 600 kilowatts of pnm electricity per month would increase by 75 cents, according to the utility’s rate increase application.
Pnm Proposes Increasing Residential Base Rates By 9.7% In 2024, Though Pnm Senior Vice President For Public Policy Ron Darnell Was Quick To Point Out That.
If approved, the increase will not go into effect until 2024.
This Is The First Rate Change Request From The Company In Six.