- Associated Press - Thursday, September 22, 2016

ALBUQUERQUE, N.M. (AP) - The New Mexico Public Regulation Commission plans to rule next week on a rate increase for more than 500,000 customers of the state’s largest utility.

Public Service Company of New Mexico is requesting an increase of more than $123 million in annual revenue, under which customers on average would see their bills rise by 14.4 percent.

A PRC hearing examiner’s recommendation last month slashed that by two-thirds to about $41 million, which would mean an average increase of 6.4 percent for customers.

The Albuquerque Journal reports (https://bit.ly/2cWqLjI) that under state law, the commission has until the end of the month to make their ruling.

The commissioners on Wednesday agreed to vote on a final order in the case on Sep. 28.

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Information from: Albuquerque Journal, https://www.abqjournal.com

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