The Santa Fe New Mexican stories condition regulators on Wednesday approved an 8 percent charge hike for PNM, which will be executed in excess of two decades.
The General public Regulation Fee did reject a PNM request to obtain all-around $150 million for investments at the 4 Corners power plant in the vicinity of Farmington. The non-income team New Power Economic system says regulators decided shoppers should not be held accountable.
In the meantime, the partial shutdown of the San Juan Building Station in the 4 Corners is occurring faster than anticipated. PNM experienced shut down a person of 4 models on Tuesday and ideas to shut yet another in excess of the weekend. Mechanical troubles prompted them to take it offline Wednesday rather.
It truly is part of a deal with regulators to lessen air pollution. The relaxation of the plant could shut as early as 2022.
Oil and gas are significant components of New Mexico’s financial state, and the sector is a great deal far better off in comparison to final year. The condition land commissioner says New Mexico gathered $74 million from lease profits in excess of the previous 6 months, $56 million far more than this time final year.
The dollars gains our colleges.