New Mexico's Largest Electricity Provider Is Raising Its Rate in 2025, 2026

PNM phased-in rate increase approved

The New Mexico Public Regulation Commission approves an increase for July and next April.

PNM, TNMP Receive Rate Approvals

ALBUQUERQUE, N.M., May 15, 2025 /PRNewswire/ -- PNM and TNMP, the wholly-owned subsidiaries of TXNM Energy (NYSE: TXNM), each received regulatory approvals today for pending rate recovery filings.

PNM bills to increase by roughly $12 in the next year

Most New Mexicans’ monthly electricity bills will rise by roughly $12.50 within the next year.

New Mexico's largest electricity provider is raising its rate in 2025, 2026

NEW MEXICO (KRQE) – PNM received approval from the New Mexico Public Regulation Commission to raise its rates in 2025 and 2026. PNM said in a news release the phased-in rate adjustment allows the utility company to continue to provide reliable service as it transitions to carbon-free electricity. “This outcome ensures we can continue investing in the infrastructure and technologies necessary to meet our customers’ needs and support New Mexico’s …

ALBUQUERQUE – The New Mexico Public Regulation Commission approved a gradual adjustment of tariffs for New Mexico’s Public Services Company (PNM) customers, so that the company can “provide a reliable, safe and sustainable electricity service to its customers” throughout the state. “This result ensures that we can continue to invest in the infrastructure and technologies necessary to meet our customers’ needs and support the clean energy future …