ALBUQUERQUE, N.M. — Regulators rejected on Wednesday an exertion by New Mexico’s most significant electric utility to recoup from consumers millions of pounds of investments designed in a coal-fired energy plant in the northwestern corner of the condition and a nuclear power plant in neighboring Arizona.
The Community Regulation Commission’s decision signifies Public Provider Co. of New Mexico buyers will not have to bear some charges linked with PNM’s stake in the Four Corners Power Plant in close proximity to Farmington or in the Palo Verde Making Station outside the house of Phoenix. Commissioners mentioned people investments were not prudent.