PNM to delay closing of NM payment centers

AP News
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Posted: Dec 08, 2011 1:42 PM
PNM to delay closing of NM payment centers

Public Service Co. of New Mexico, the state's largest electricity provider, is holding off a plan to close walk-in payment centers while state regulators examine it.

The company is a unit of PNM Resources Inc.

The move comes after the Public Regulation Commission heard testimony Wednesday from PNM and customers at a meeting in Albuquerque.

PNM announced recently that it was planning to close to payments centers just before Christmas but now says it will wait until March 31.

PNM said it can save more than $500,000 a year by closing down its eight remaining payment centers.

New Mexico regulators said last month it would launch an investigation into PNM's plan over concerns about statutes and commission rules and whether it's in the public's best interest.