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New Mexico rejects PNM Smart Meter proposal

ZERO5G Posted on by

SMART METER HARM

“The plan presented in the Application does not provide a net public benefit and it does not promote the public interest.”

— New Mexico Public Regulation Commission,
April 11, 2018

Case No. 15-00312-UT

Today, the New Mexico Public Regulation Commission denied Public Service Company of New Mexico’s (PNM) application in install Smart Meters. In doing so, it adopted the Hearing Examiner’s Recommended Decision in its entirety.

Reasons for recommendations include:

  • No net public benefit, no evaluation of alternatives and the public interest

* PNM’s unlicensed contractor and PNM’s repeated inability to accurately specify the qualifications required for a contractor

  • The uncertainty of savings for ratepayers: imminent rate increases, the risk that lifetime costs will exceed savings
  • Disproportionate benefits for investors: elimination of financial risks for investors, immediate increase in investor earnings, PNM’s requests that the Commission find the AMI capital costs and expenses are reasonable and prudent, full recovery of undepreciated costs and customer education costs as regulatory assets
  • Discretionary project — insufficient demonstration of need and no plans to use AMI for energy efficiency
  • Opt-out fees do not provide meaningful opportunity to opt-out: unreasonableness of fees, health concerns, safety concerns
  • Job losses
  • Recent and future rate increases

Link to New Mexico rejects PNM Smart Meter proposal

 

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