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September 21, 2018
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PNM reacts to allegations (Listen)
(2012-02-28)
(KSFR) -
Public Service Company of New Mexico is reacting now to a scathing report on its profitability that was issued this morning by a coalition of environmental groups. The organizations released a study alleging that PNM was pursuing higher profitability through increases in electricity rates even as much of New Mexico was stuck in recession. The report claims that PNM increased its profitability by 2500 percent over the past several years. But Frederick Bermudez of PNM says he and other PNM officials cannot arrive at a similar number.

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