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The Hearing Examiners Issue Recommended Decisions In The Public Service Company Of New Mexico, PNM Resources Subsidiary, Application For A 2024 Change In Customer Base Rates And Its Application For 12 Megawatts Of Distribution Battery Storage

Author: Benzinga Newsdesk | December 11, 2023 07:36am

The recommended decision equates to a revenue increase of $6.1 million, based on a 9.26% return on equity and a 50% equity capitalization structure of $2,557 million of rate base. PNM's $63.8 million request included a 10.25% return on equity and 52% equity capitalization ratio of its $2,713 million rate base. The current authorized rates are based on a 9.575% return on equity with a 50% equity capitalization ratio.

Posted In: PNM


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