Initial Filing Date: 1/4/2021
Summary: 21.17% increase
Effective Date: 2/16/2021
Xcel Energy (Southwestern Public Service Company) has filed a petition with the New Mexico Public Regulation Commission requesting an overall revenue requirement of $410 million. This represents an increase in base revenue of $87 million, or 21.17%.
The proposed rates were scheduled to become effective on February 3rd, 2021, and would affect all customers taking service in the state of New Mexico; the Commission has an additional 9 months from the date of filing to make a final ruling on the rate case, however, and has scheduled the final public hearing for this proceeding to take place July 26th through Aug 6th, 2021.
Southwestern Public Service Company has also provided data detailing how their proposed rates will affect different customer classes, as showcased in our graph below: