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New Mexico regulators reject utility's effort to recoup some investments in coal and nuclear plants

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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.

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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.

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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.

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The nearby San Juan Generating Station was shuttered in 2022, sending financial ripples through the surrounding communities. PNM had operated that plant for decades.



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New Mexico

Poll: Vasquez leads Herrell in New Mexico's 2nd Congressional District race

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Poll: Vasquez leads Herrell in New Mexico's 2nd Congressional District race


ALBUQUERQUE, N.M. — A new KOB 4/SurveyUSA poll shows that incumbent Democratic U.S. Rep. Gabe Vasquez has a solid lead over Republican challenger Yvette Herrell.

We asked voters in New Mexico’s Second Congressional District, “If the election was held today, who would you vote for?” Here were the results:

  • Gabe Vasquez: 51%
  • Yvette Herrell: 42%
  • Undecided: 8%

582 likely voters surveyed. Credibility interval of +/- 4.5 percentage points

This race is a rematch of two years ago when Vasquez beat Herrell when she was the incumbent. Vasquez has served CD-2 since winning in 2022, representing much of southern New Mexico, including communities like Alamogordo, Carlsbad, Silver City and Las Cruces, and parts of the Albuquerque metro like the West Side and the South Valley.

We asked voters, “What is your opinion on Gabe Vasquez?”

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  • 45% have a favorable opinion of him
  • 31% have an unfavorable opinion
  • 18% are neutral
  • 5% have no opinion

582 likely voters surveyed. Credibility interval of +/- 4.5 percentage points

We also asked voters about their opinion on Yvette Herrell:

  • 34% have a favorable opinion
  • 41% have an unfavorable opinion
  • 20% are neutral
  • 6% have no opinion

582 likely voters surveyed. Credibility interval of +/- 4.5 percentage points

There are many issues that are playing into elections across the board so we asked CD-2 voters, “Which of these issues will have the most influence on your vote for the U.S. House of Representatives?”

  • Immigration and border: 28%
  • Abortion: 17%
  • Inflation: 16%
  • Crime: 12%

582 likely voters surveyed. Credibility interval of +/- 4.5 percentage points

Jumping off of that question, we also asked about how much of a deciding issue immigration and the border is:

  • Conservatives: 48%
  • Moderates: 22%
  • Liberals: 5%

And about how much of a deciding issue abortion is:

  • Conservatives: 5%
  • Moderates: 15%
  • Liberals: 42%



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New Mexico

Nina Otero-Warren: A powerful voice for New Mexico women, children and education

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Nina Otero-Warren: A powerful voice for New Mexico women, children and education


Consuelo Bergere Kenney Althouse received an unexpected phone call in March 2021.

The voice on the other end of the line was an attorney from the U.S. Department of the Treasury seeking permission to decorate millions of commemorative quarters with the face of Althouse’s distant relative, Adelina “Nina” Otero-Warren.

To Althouse, Otero-Warren was one among a “mantle of tías” — a looming but loving group of women with shiny shoes, tight buns and high expectations — in Althouse’s large Santa Fe family. Althouse had grown up visiting Las Dos, Otero-Warren’s homestead in the hills north of Santa Fe, for family celebrations. 

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Behind the scenes of the Bernalillo County Metropolitan Court

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Behind the scenes of the Bernalillo County Metropolitan Court


ALBUQUERQUE, N.M. — The Metropolitan Court of Bernalillo County had another packed docket Saturday morning.

 “We are the busiest courthouse in the state. We see more than every other courthouse does, from the traffic tickets to the misdemeanor cases and the initial felony cases that are filed here,” said Metropolitan Court Chief Judge Joshua Sanchez.

Sanchez says the court oversees about 100 cases a day and Saturday New Mexico’s top judge, Chief Justice David Thomson of the New Mexico Supreme Court, got a firsthand look at the court’s caseload.

Sanchez says he welcomes the visit.

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“We go to these statewide meetings, and they hear about how things happen. But until you actually kind of sit there with another judge and see what happens, it’s kind of eye-opening to see the kind of controlled chaos that we have on a Saturday morning,” he said about the visit.

He adds their biggest challenge at Metro Court is the case load.

Thomson says he plans to visit courts statewide to see these challenges for himself.

“I think it’s a good idea just to come down and see it. And what you see, if you watch these, is you see all the interactions between what we face, just not as a court system, as a society, right?” said Sanchez.

Just from one morning sitting in on court proceedings, he said it’s clear mental health plays a huge part in a lot of the cases metro court hears.

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“If there are questions of competency, we can catch those questions here, rather when they get transferred to felony court, that’s one, can they be assessed early on,” Thomson said.

He also noticed a lot of repeat offenders.

“I think it’s very helpful to see it firsthand. On a few of these individuals. I’ve actually asked to look at some of the criminal history, so I have an understanding of the particulars,” said Thomson.

Sanchez said he hopes for more visits like this in the future.

“It’s just nice to give some real perspective and validates, I think, a lot of the things that we do communicate to AOC and the Supreme Court and things that we’re seeing,” said Thomson.

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