NM Gas Co. Seeks 8.5% Rate Hike

From NM Business Weekly -  The New Mexico Gas Co. is requesting an 8.5 percent rate increase to generate $34.5 million in additional annual revenue. The company filed its request Friday with the New Mexico Public Regulation Commission. If approved, the increase would take effect by February 2012.  The request comes as the PRC is investigating the gas company's response to the February outage that left more than 40,000 New Mexicans without natural gas for several days. Company President Annette Gardiner said the rate increase is necessary to recover rising costs, decreasing demand by consumers and $215 million in investment.  More News New Mexico

NM Gas Co. Seeks 8.5% Rate Hike