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Public Service Commission Denies Southern Union Gas Rate Increase
The New Mexico Public Service Commission refused a $9.3 million yearly general rate hike for Southern Union Gas Co. and ruled that advertising and promotion costs should not be passed to customers as business expenses. The decision preserves basic rates while allowing future filing adjustments. The case notes a 7 percent return on rate base and a 13.5 percent return on equity, with ongoing review of the gas-cost adjustment factor.
MENTIONED IN THIS ARTICLE
Santa FE
New Mexico Public Service Commission
Southern Union Gas Co
Regulatory Commission
New Mexico
Southern Union
Richard Montoya