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PRC nixes some customer costs for Four Corners Power Plant

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On January 3, the Public Regulation Commission adopted the hearing examiners’ finding that PNM acted imprudently in extending its participation in Four Corners Power Plant beyond 2016. As a result, the commission disallowed roughly $84 million from the amount PNM can recover from customer rates. This comes as part of the Commission’s final order in PNM’s pending rate case.

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