PRC sides with consumers, requires PNM to reflect savings from coal closure

Ruling will result in $8/month savings for average customer, immediate issuance of community funding when San Juan Generating Station closes

The Public Regulation Commission voted 5-0 on Wednesday that PNM violated the ETA. The Commission agreed with environmental and consumer groups and blocked PNM’s plan to keep charging customers for San Juan Generating Station expenses long after the plant is closed. The commission also required PNM to issue the community and worker money that the Energy Transition bonds would fund immediately when the coal plant closes.