Utility wants NM regulators to act on rate request

ALBUQUERQUE — New Mexico's largest electric provider wants state regulators to act on a proposed rate increase rather than delay a decision with more hearings.

Public Service Co. of New Mexico filed a response Monday with the state Public Regulation Commission, saying extensive testimony and exhibits submitted over the course of the yearlong case provide enough information for commissioners to make a decision.

The commission last week indicated it would reopen hearings if PNM agreed to provide more information regarding transactions related to an Arizona nuclear power plant and pollution controls at its coal-fired plant in northwestern New Mexico.

A hearing officer recommended earlier this summer that regulators approve a rate increase far lower than the utility's proposal.

The commission is scheduled to take up the rate proposal during a meeting Wednesday.