New Mexico
New Mexico regulators reject utility's effort to recoup some investments in coal and nuclear plants
ALBUQUERQUE, N.M. (AP) — Regulators rejected on Wednesday an effort by New Mexico’s largest electric utility to recoup from customers millions of dollars of investments made in a coal-fired power plant in the northwestern corner of the state and a nuclear power plant in neighboring Arizona.
The Public Regulation Commission’s decision means Public Service Co. of New Mexico customers will not have to bear some costs associated with PNM’s stake in the Four Corners Power Plant near Farmington or in the Palo Verde Generating Station outside of Phoenix. Commissioners said those investments were not prudent.
Overall, residential customers will see a decrease in rates instead of the 9.7% increase that the utility was seeking.
The commission said in a statement that PNM still will be able to collect a reasonable return on its investments while providing reliable service to more than 500,000 customers around the state.
PNM filed a request for its first rate hike in years in late 2022, saying the nearly $64 million in additional revenue was needed as part of a long-term plan to recoup $2.6 billion in investments necessary to modernize the grid and meet state mandates for transitioning away from coal and natural gas.
The utility also had cited the expiration of lease agreements for electricity from the Palo Verde plant and the desire to refinance debt to take advantage of lower interest rates.
Hearing examiners with the Public Regulation Commission who reviewed the case recommended in December that the commission reject costs associated with the sale of leases at Palo Verde to a third party. They also said PNM’s 2016 decision to invest in extending the life of the Four Corners plant wasn’t prudent.
PNM officials said late Wednesday that they were reviewing the commission’s order. The utility has until Feb. 2 to seek a rehearing before the commission.
Consumer advocates and environmental groups were pleased the commission opted to reject some of the costs associated with PNM’s investments.
“The commission recognized that PNM failed to do its due diligence before reinvesting in Four Corners after 2016, when there were clear signs that coal is a costly and deadly fuel,” said Matthew Gerhart, a senior attorney with Sierra Club.
The utility had tried to divest itself from Four Corners by transferring its shares to a Navajo energy company. However, regulators rejected that proposal, a decision that was later upheld by the New Mexico Supreme Court.
Located on the Navajo Nation, the Four Corners plant is operated by Arizona Public Service Co. The utility owns a majority of shares in the plant’s two remaining units.
Navajo Transitional Energy Co. had sought to take over PNM’s shares, saying that preventing an early closure of the power plant would help soften the economic blow to communities that have long relied on tax revenue and jobs tied to coal-fired generation.
The nearby San Juan Generating Station was shuttered in 2022, sending financial ripples through the surrounding communities. PNM had operated that plant for decades.
ALBUQUERQUE, N.M. – Republican candidate for governor Duke Rodriguez is suing Governor Michelle Lujan Grisham over her executive order that started universal free child care before a new law takes effect.
The governor enacted the program through executive order in November.
Lawmakers passed a universal child care law during the past session, but that law does not take effect until May 20.
Rodriguez says he objects to some of the rules and to how the governor started the program. The suit asks the Second Judicial District Court to prohibit further enforcement of any regulations tied to the program.
“You could understand an outgoing governor trying to do it for political capital, for expediency just to say, I’m first in the nation.” Rodriguez said.
Rodriguez says he is confident he will win and that the rules he is challenging will be struck down.
“We also now have what we call pre emptive eligibility, which means you don’t even have to prove you’re eligible and you’re covered the moment you walk in,” Rodriguez said. “All of those things individually and collectively that have been proposed and changed probably invite fraud, waste and abuse and you know it.”
The governor’s office responds
The governor’s office sent a statement saying the program was properly implemented and that the governor is confident the lawsuit will be rejected.
A spokesperson for the governor sent KOB 4 the following statement:
“This lawsuit makes clear that Mr. Rodriguez has a fundamental misunderstanding how state government works. He states that ECECD did not have the authority to undergo rulemaking regarding universal childcare. They do. He states that ECECD did not have the funding to implement the program when they did their rulemaking. They did. That is why the program was operational in December – before the 2026 Legislative session started. Perhaps more importantly, the lawsuit ignores that the legislature passed SB 241, which codified the program and its future funding into law. The governor is confident that the courts will reject his meritless claims.“
Woody is up for adoption with the City of Albuquerque’s Animal Welfare Department. Meet him here!
ALBUQUERQUE, N.M. — In this Love 4 Pets, we have Woody, Zwei and Kanai, who are all up for adoption at the City of Albuquerque’s shelters.
Woody is looking for a loving home after going through the ringer. He came to Albuquerque Animal Welfare about a month ago after he was hit by a car. He’s healing from some pelvic fractures and is moving slowly so he can hang out in the backyard and go for short walks.
Woody is very smart and can sleep all night. They believe he is about nine years old and is believed to be a Lab mix. He’s very sweet and is house-trained.
Woody is set to be 100% ready soon. You can meet him in the video above or at the Eastside Animal Shelter (details).
We also have Zwei and Kenai.
Zwei:
An Australian Shepherd mix, Zwei is a little tripod who is a great companion, has wonderful manners and loves to lean into you for hugs. She walks beautifully on a leash and doesn’t miss a beat, even with only three legs.
Zwei is currently in foster care. If you are interested in adopting her, contact Albuquerque Animal Welfare to set up a time to visit her.
Kenai:
Kenai is a Labrador retriever mix. He is a friendly, affectionate boy who enjoys being around people and has good manners. He walks well on a leash and is very excited about exploring the world.
Kenai loves attention, toys (especially stuffed animals) and car rides. So, if you’re looking for an adventure buddy, you can meet him at the Westside Animal Shelter (details).
Grant’s Monday Night Forecast
A few evaporating rain showers are possible again Tuesday with warmer temperatures. Windier weather later this week will bring a high fire danger back to New Mexico.
It’s been a warm day with a few isolated showers and thunderstorms across central and northern New Mexico. Some of that rain has made it to the ground, while other showers have evaporated before reaching the surface. Temperatures have climbed into the 70s and 80s for most of the state. Showers will fade after sunset, with mostly clear skies overnight and mild temperatures.
Even warmer weather is on the way Tuesday with lighter winds. More areas will reach the 80s by the afternoon. A few spotty showers will develop again, especially near the mountains, with some of that rain evaporating before reaching the ground.
Winds pick up Wednesday afternoon, with gusts between 25 and 45 mph. This will begin another stretch of high fire danger across the state. The strongest winds arrive Thursday, with westerly gusts of 35 to 55 mph. That will expand the fire danger statewide. A dry cold front will move through Thursday as well, but temperatures will only drop slightly, ending up closer to average.
Breezy conditions continue Friday through the weekend as the jet stream pulls more moisture into New Mexico. That will bring increasing chances for rain and thunderstorms this weekend, with a few lingering into early next week.
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