PNM unveils grid upgrade plan, possible added $1.20 monthly cost
Oct 3, 2022
A big new plan from PNM outlines some major possible upgrades to the grid providing electrical service to many New Mexicans, including changes that could offer more data about how customers are using electricity. The utility is also forecasting that the change may cost customers an average $1.20 more per month, if approved and enacted.
A regulated monopoly electrical provider, PNM unveiled what it calls its “grid modernization” plan in a news conference Monday morning. The six-year, $344 million plan would apply to PNM’s entire service area, stretching across more than a half-million residential and business customers in the state, including three of New Mexico’s four largest cities: Albuquerque, Rio Rancho and Santa Fe.
