Commission Suspends Planned Rate Increase for New Mexico Electric Coops
The New Mexico Public Regulation Commission (PRC) has suspended a planned rate increase for several New Mexico electric cooperatives that are part of the Tri-State Generation and Transmission Association (Tri-State). Tri-State will likely file suit protesting the decision, arguing that the New Mexico PRC has no jurisdiction over interstate wholesale power sales. During the pendency of the decision, Tri-State can file for an emergency rate increase. Tri-State’s rate increase was set to take effect January 1, 2013. Read more here.