Jun. 10—Rural New Mexico utility companies aren’t exempt from state regulators’ authority over rates, the New Mexico Supreme Court has ruled. The Supreme Court released an opinion on Monday that rejects an argument from Socorro Electric Cooperative that the state’s Public Regulation Commission shouldn’t be able to change and set its rate proposals. The court’s […]
Jun. 10—The New Mexico Supreme Court handed down a ruling Monday affirming state utility regulators’ authority to set rates for rural electric cooperatives. The court’s ruling rejected an appeal from Socorro Electric Cooperative over the Public Regulation Commission’s denial of a proposed electric rate increase in 2018. Instead, the PRC set different rates for the […]