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Value of nuclear power up for debate in New Mexico rate case

ALBUQUERQUE, N.M. (AP) — Discrepancies over the value of electricity purchased from a nuclear-fired power plant in Arizona has interrupted proceedings related to a request by New Mexico’s largest electric utility to raise rates for more than a half-million customers.

A New Mexico hearing officer has extended the schedule in the Public Service Co. of New Mexico case so more evidence related to the Palo Verde plant can be submitted.

Groups that have intervened — including a large water utility, industry advocates and environmentalists — will have an opportunity to review any new evidence.

The hearing officer’s order stated that significant unanswered discrepancies resulted from PNM’s previous responses.

The order pointed to a nearly $20 million difference in the net book value of some of the power purchased from the nuclear plant.

Related: Santa Fe County approves a pair of solar farms.

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