ALBUQUERQUE, N.M. (AP) — The New Mexico Supreme Court is being asked to reconsider its decision allowing the state’s largest electric utility to delay issuing rate credits to customers that were prompted by the recent closure of one of the Southwest's largest coal-fired power plants.
FILE - The San Juan Generating Station near Farmington, N.M., is shown Wednesday, Sept. 28, 2022. The New Mexico Supreme Court has cleared the way for the state's largest electric utility to delay issuing rate credits related to the recent closure of a coal-fired power plant. State regulators in June had ordered Public Service Co. of New Mexico to begin issuing the credits since customers would no longer benefit from the San Juan Generating Station after its closure.
FILE - The San Juan Generating Station near Farmington, N.M., is shown Wednesday, Sept. 28, 2022. The New Mexico Supreme Court has cleared the way for the state's largest electric utility to delay issuing rate credits related to the recent closure of a coal-fired power plant. State regulators in June had ordered Public Service Co. of New Mexico to begin issuing the credits since customers would no longer benefit from the San Juan Generating Station after its closure.
ALBUQUERQUE, N.M. — The New Mexico Supreme Court is being asked to reconsider its decision allowing the state’s largest electric utility to delay issuing rate credits to customers that were prompted by the recent closure of one of the Southwest’s largest coal-fired power plants. The state attorney general and consumer advocates filed motions this week, arguing that delaying economic relief to customers from the closure of the San Juan Generating Station in September undermines a New Mexico law that guides the state’s transition away from electricity generated by fossil fuels.
Regulators in June had ordered Public Service Co. of New Mexico to begin issuing the credits since customers would no longer benefit from the San Juan plant. The utility challenged the regulatory order and requested a stay, which the courtThe group New Energy Economy in its motion contends PNM is violating the most fundamental principle of utility regulation — that a utility cannot collect money from ratepayers for assets that are not providing service.
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