trending Market Intelligence /marketintelligence/en/news-insights/trending/n6lLzR2-gh1vVicpa_8VKg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

PNM asks utility regulators to reconsider denial of power plant costs recovery

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon

PNM asks utility regulators to reconsider denial of power plant costs recovery

Public Service Co. of New Mexico is asking the state Public Regulation Commission to reconsider its recent decision to reject parts of a previously revised multiparty settlement stipulation that would have included the PNM Resources Inc. utility's requests concerning two power plants.

Besides PNM, several parties have also filed requests seeking reconsideration and approval of the settlement agreement. If the PRC turns down the request, the rate review is expected to move forward to litigation, the utility said in a Dec. 28 news release.

"The settlement agreement continues to have overwhelming support from the parties to our rate review and it should be upheld by the Commission," PNM Resources Chairman, President and CEO said in the release. "Each of the settlement parties recognizes the significance and complexities of transitioning to coal-free generation and made concessions in this agreement to continue down this path. If we proceed to litigation, it will be to protect our ability to achieve this transition in a responsible way for all stakeholders."

The New Mexico utility regulators on Dec. 20 approved a revenue increase of $62.3 million for PNM, but refused a return on recovery of the Four Corners coal-fired plant investment and disallowed $36 million for improvements to the San Juan Generating Station. The decision established a nonfuel, base revenue increase for PNM, to be phased-in over two years.

The commision has 20 days to consider the request, with the authority to extend the suspension period in the rate review until March 6, 2018. The concerned parties have until Jan. 2, 2018, to respond to the motion before the PRC's next scheduled open meeting on Jan. 3, 2018.

This case was initiated Dec. 7, 2016, when PNM filed with the PRC for a $99.2 million, two-step, base rate increase.