PNM plans to talk about its proposed rate increase with local customers.
The discussion will take place 5:30-7 p.m. Tuesday at Sala de Madrid Room, 801 University Ave., on the Highlands University campus.
“Nobody likes a rate increase, and we hate asking for one. It is important for our customers to understand what is at stake for them,” said Ron Darnell, PNM vice president of regulatory affairs.
A PNM presentation will cover what the rate increase pays for, why the company is asking for an increase now and how an increase could affect customer bills.