Printer Friendly

COMMISSION APPROVES PNM RECOVERY OF GAS TAKE-OR-PAY COSTS

 ALBUQUERQUE, N.M., April 2 /PRNewswire/ -- On Monday, March 29, 1993, the New Mexico Public Service Commission (NMPSC) approved the stipulated agreement reached on Jan. 5, 1993 between Public Service Co. of New Mexico (PNM) (NYSE: PNM), the NMPSC staff, and other intervenors. That agreement calls for the recovery from gas customers of $60.5 million of gas contract settlement and take-or-pay costs.
 Approximately $12 million of cost recovery will offset previously overcollected gas costs which would otherwise have been refunded to customers. Recovery of the remaining take-or-pay and contract settlement costs will occur over a five year period beginning in April 1993.
 -0- 4/2/93
 /CONTACT: Michael Temple, 505-848-2210 or Sam Brothwell 505-848-2287, both of Public Service Co. of New Mexico/
 (PNM)


CO: Public Service Co. of New Mexico ST: New Mexico IN: UTI SU:

BB -- DV005 -- 2585 04/02/93 14:35 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 2, 1993
Words:146
Previous Article:SCHENKEIN/SHERMAN PUBLIC RELATIONS WINS THE OSCARS OF PUBLIC RELATIONS
Next Article:NORTHWEST PIPELINE PLACES EXPANSION IN SERVICE
Topics:


Related Articles
PUBLIC SERVICE COMPANY OF NEW MEXICO ANNOUNCES ORGANIZATIONAL CHANGES, INTENT TO SELL ASSETS, REDUCE COSTS
PNM SETTLES SUITS WITH GAS PRODUCERS
$30 MILLION RATE REDUCTION FILING UPDATE; TESTIMONY IS FILED
PNM CEO PRAISES RATE CASE DECISION
PNM FILES STIPULATED SETTLEMENT IN SALE OF GAS ASSETS
PNM GAS ASSETS SALE APPROVED
PNM GAS ASSETS SALE APPROVED
PNM Authorized to Redeem $300 Million in Bonds
Regulators Order $7 Million Cut in PNM Gas Rates
PNM/Western Talks to Modify Agreement Discontinued.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters