New Mexico regulators will spend Dec. 9 through Dec. 22 hearing El Paso Electric’s request for a $70.5 million net increase in base rates, with the first step proposed to take effect Jan. 1, 2027. The Public Regulation Commission is taking up Case No. 25-00082-UT by Zoom, starting at 9 a.m. each day.
El Paso Electric is asking for the increase in two phases. Phase 1, on Jan. 1, 2027, averages 26.8% across the affected rate classes, which include residential service. Phase 2, proposed for Oct. 1, 2027, adds another 18.7% on top of Phase 1…