PNM Seeks Approval For Rate Hike

April 8, 2016 – The state Public Regulation Commission began taking public comment this week on Public Service Company of New Mexico’s proposed rate increase. Officials from the utility company argue that an increase in rates is needed to offset costs such as investment in infrastructure. But critics argue that the proposed increase submitted by PNM is higher than necessary.

Kevin Robinson-Avila, a business reporter with the Albuquerque Journal, sits down with producer Sarah Gustavus to discuss the details of PNM’s request.