New Mexico
New Mexico Public Regulation Commission
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State Intelligence
Updated Jun 1, 2026Utility Landscape
Public Service Company of New Mexico (PNM)
IOUCentral and northern New Mexico, including Albuquerque and Santa Fe metro areas
PNM is navigating post-merger regulatory obligations following the failed Avangrid acquisition and pursuing coal exit commitments under the Energy Transition Act (ETA). The NMPRC has scrutinized PNM's integrated resource planning and coal securitization financing structure for the Four Corners and San Juan plant retirements.
El Paso Electric (EPE)
IOUSouthern New Mexico including Las Cruces and Doña Ana County; dual jurisdiction with Texas PUC
EPE operates under dual jurisdiction of NMPRC and Texas PUC, complicating rate proceedings. The company has been advancing solar and battery storage resource additions and filed for rate adjustments tied to grid hardening investments in the El Paso-Las Cruces corridor.
Southwestern Public Service Company (SPS)
IOUEastern New Mexico high plains including Clovis, Roswell, and Hobbs; subsidiary of Xcel Energy
SPS is subject to NMPRC and Texas PUC joint jurisdiction. Xcel Energy has pursued aggressive renewable integration targets for SPS, and recent rate cases have addressed cost allocation between Texas and New Mexico retail customers for new transmission and wind generation assets.
New Mexico Gas Company (NMGC)
IOUStatewide natural gas distribution serving approximately 530,000 customers across 23 counties
NMGC, a subsidiary of Bernhard Capital Partners-backed Wesco Gas, has pursued infrastructure surcharge mechanisms for pipeline replacement programs. The NMPRC has raised concerns about affordability impacts of rate recovery for aging cast-iron and bare-steel main replacement under the Gas System Modernization Program.
Kit Carson Electric Cooperative
coopTaos County and surrounding northern New Mexico communities
Kit Carson has been a nationally recognized leader in distributed solar and battery storage deployment, having exited its wholesale power contract with Tri-State Generation and Transmission. The cooperative continues to expand community solar and demand response programs with limited NMPRC oversight given cooperative self-regulation.
Farmington Electric Utility System (FEUS)
muniCity of Farmington and portions of San Juan County in northwestern New Mexico
FEUS is a municipal utility not subject to NMPRC retail rate jurisdiction but faces significant transition pressure as San Juan Generating Station coal assets retired. The city has been developing a coal-to-clean energy transition plan with DOE support, addressing economic impacts on a community historically dependent on coal and oil and gas revenues.
Key Issues
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PNM Energy Transition Act securitization and coal exit compliance: NMPRC review of PNM's financing applications for San Juan and Four Corners plant retirements under the ETA remains active, with scrutiny on whether securitization bond structures deliver promised ratepayer savings and whether replacement capacity procurement timelines are adequate.
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Renewable portfolio standard acceleration and IRP compliance: New Mexico's 100% carbon-free electricity mandate by 2045 (with 50% RPS by 2030) is driving contested IRP proceedings at the NMPRC, particularly for PNM and SPS, where commissioners have challenged the pace of coal and gas retirement and the sufficiency of proposed renewable and storage substitutions.
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Grid reliability and transmission expansion amid high renewable penetration: NMPRC and stakeholders are actively examining transmission constraints on the PNM and SPS systems as large-scale wind and solar projects seek interconnection, with ongoing proceedings addressing cost allocation for new 345 kV transmission lines and interconnection queue reform.
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Natural gas infrastructure cost recovery and decarbonization tension: NMGC's Gas System Modernization Program surcharge requests are contested by consumer advocates and environmental intervenors who argue that long-lived gas infrastructure investments conflict with the state's climate goals, raising stranded asset risk and affordability concerns for low-income customers.
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Wildfire mitigation and grid hardening cost recovery: Following increased wildfire risk exposure in northern and eastern New Mexico, PNM and EPE have filed for recovery of vegetation management, undergrounding, and sectionalizing investments, with the NMPRC evaluating appropriate ratemaking mechanisms including deferred cost accounting and performance-based incentives.
Upcoming
Estimated: NMPRC scheduled hearing on PNM's 2025 Integrated Resource Plan compliance filing, examining whether proposed renewable procurement and storage contracts satisfy ETA mandates and NMPRC Case No. 21-00057-UT directives on coal replacement capacity timelines.
Estimated: Deadline for intervenor testimony in New Mexico Gas Company's pending infrastructure surcharge rate proceeding, with consumer protection division and New Mexico Attorney General's office expected to file opposing testimony challenging the magnitude and duration of proposed capital recovery mechanisms.
Estimated: NMPRC evidentiary hearing on El Paso Electric's rate case addressing grid modernization investment cost recovery and renewable energy rider adjustments for New Mexico jurisdictional customers, with NMPRC staff and Office of Utility Advocate testimony due prior to hearing.
Estimated: NMPRC anticipated final order in SPS (Xcel Energy) transmission cost allocation docket, resolving disputed methodology for apportioning new 345 kV line costs between New Mexico and Texas retail customers in coordination with Texas PUC staff filings expected in Q3 2026.
Commissioner Watch
View all ↗Gov. Michelle Lujan Grisham appointed former state Senator Greg Nibert, a lawyer and economist, to the New Mexico Public Regulation Commission for a six-year term beginning January 1, 2025.
Staff
81| Name | Title | Phone |
|---|---|---|
| Cholla Khoury | Chief of Staff | (888) 427-5772 |
| Patrick Rodriguez | Public Information Officer | (505) 490-7910 |
| Elizabeth Acosta | Public Utilities Economist | (505) 637-1636 |
| Judith Amer | Associate General Counsel | (505) 629-2102 |
| Gabriela Aragon | Financial Specialist II | (505) 469-9680 |
| David Black | Attorney | (505) 551-2388 |
| John Bogatko | Attorney | (505) 500-6264 |
| Brad Borman | Legal Divison Director | (505) 412-3502 |
| Peterson Brossy | Public Utilities Economist | (505) 623-1141 |
| Scott Cameron | Chief General Counsel | (505) 231-1320 |
| Tyler Crespin | Public Utilities Economist | (505) 670-7159 |
| Gabriella Dasheno | Accounting Bureau Chief | (505) 470-2201 |
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