Electricity Rates

Electricity Rates, Riders, and Rules

Rates - All PNM Customers
Rate	Description	Residential	Non-Residential
	Table of Contents for Rates
1A	Residential Service	X
1B	Residential Service Time-of-Use	X
2A	Small Power Service		X
2B	Small Power Service Time-of-Use		X
3B	General Power Service Time-of-Use		X
3C	General Power Service (Low Load Factor) Time-of-Use		X
3D	Municipalities and Counties General Power Service - Time-of-Use		X
3E	Municipalities and Counties General Power Service (Low Load Factor) - Time-of-Use		X
3F	Non-Residential Charging Station-Pilot		X
4B	Large Power Service Time-of-Use		X
5B	Large Service for Customers >= 8,000 kW min. at 115 kV, 69 kV or 34.5 kV		X
6	Private Area Lighting Service	X	X
10A	Irrigation Service		X
10B	Irrigation Service Time-of-Use		X
11B	Water and Sewage Pumping Service Time-of-Use		X
12	Cogeneration and Small Power Production	X	X
15B	Large Service for Public Universities > 8,000 kW min. at 115 kV		X
16	Special Charges	X	X
20	Integrated System Streetlighting and Floodlighting Service - New Installation		X
20	Appendix A to 16th Revised Rate No. 20: Company-Owned LED Streetlighting Current Fixtures as of Jun 30, 2021		X
20	Appendix B to 17th Revised Rate No. 20: Company-Owned LED Streetlighting Current Fixtures as of Jul 11, 2022		X
22	Underground system Special services	X	X
24	Small Photovoltaic Renewable Energy Certificate	X	X
30B	Large Service for Manufacturing >= 30,000 kw minimum at distribution voltage		X
31	Large Photovoltaic Renewable Energy Certificate	X	X
32	Solar Renewable Energy Certificate Purchase Programs	X	X
33B	Large Service for Station Power (Time-of-Use)		X
35B	Large Power Service >=3,000KW (Time-of-Use)		X
36B	Special Service Rate - Renewable Energy Resources		X

Rates - Public Service Company of New Mexico - TNMP Service Customer
Rate	Description	Residential	Non-Residential
9	Industrial Power Service		X
11	Economy Service Industrial Power		X

Riders
Rider	Description	Residential	Non-Residential
8	Incremental Interruptible Power Rate - Applicable to Rates 3B, 3C and 4B		X
16	Energy Efficiency	X	X
23	Fuel and Purchased Power Cost Adjustment Clause ("FPPCAC") - Applicable to Retail Energy Rate schedules	X	X
24	Net Metering Service	X	X
30	Voluntary Renewable Energy Program	X
36	Renewable Energy	X	X
45	Economic Development Rider - Applicable to Rates 4B, 5B, 30B and 35B		X
47	Green Energy Rider		X
49	Production Cost Allocation Rider		X
50	Solar Direct for Govt. and Large Commercial Customers		X
51	Energy Transition Charges	X	X
53	Transportation Electrification Program	X	X
55	San Juan ETA Settlement Credit and Excess Interest Rate Credit	X	X
56	Community Solar Rider	X	X
57	Community Solar Administrative Cost Rider	X	X
58	2022 City of Rio Rancho UG Project	X	X
59	Palo Verde Regulatory Credit	X	X
60	Grid Modernization	X	X

Rules
Rule	Description
	Table of Contents for Rules
0	Preamble
1	Definitions
2	Character of service
3	Application for service
4	Requirements of contracts
5	Rates, fees, and charges
6	Deposits
7	Manner of serving notice to customer
8	Billing and payment standards
9	Billing disputes
10	Discontinuation of non-residential service
11	Curtailment of service
12	Interruption of service
13	The company's right to ingress to and egress from the customer's premises
14	Temporary service, standby service, and special services
15	Electric line extension policy
16	Service point and responsibility for the equipment used in supplying service
17	Metering
18	Service connections
19	Limitation of use
20	Discontinuation of residential service
22	Budget payment plan
23	Interconnection and safety standards for generators sized greater than 10 MW

PNM Transmission

Transmission rates cover the cost of moving energy on PNM's transmission system. PNM rates are updated annually and go into effect on June 1 of each year.

Sign up for notices related to the Annual Update by emailing FERCNotices@pnmresources.com. You can unsubscribe at any time.

Annual Transmission Revenue Requirement

The annual transmission revenue requirement, or ATRR, is the estimated amount of revenue PNM must recover annually to cover costs associated with its transmission system. PNM's protocols and schedules associated with the ATRR are contained in Attachment H-2 of PNM's Open Access Transmission Tariff (OATT).

Annual Updates

2026 Annual Update

A "fully functioning" excel file of the annual update formula rate runs 1 and 2 are provided above in a read-only format. Customers wishing to modify the input values can save a document onto their computer before continuing.

2026 Customer Meeting

Tuesday, August 18, 2026 (9:00 AM - 10:00 AM MST)

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2nd PNM Formula Rate Update 2026 Presentation

Tuesday, May 19, 2026 (3:00 PM - 4:00 PM MST)

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PNM Formula Rate Update 2026

Order 898 Stakeholder Outreach

Details Associated with Order 898 Stakeholder Outreach - Filing

Tuesday, December 16, 2025 - 1:30 PM to 2:30 PM MST

Join from the meeting link
https://pnmresources.webex.com/pnmresources/j.php?MTID=m5c7cabd32f58c70b64523e96c7c429ea

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Order 898 Stakeholder Outreach

Information Requests

PNM posts Information Requests and Responses on PNM's OASIS site: https://www.oasis.oati.com/PNM/

Annual Informational Filings

The Annual Update will be for "informational purposes" to provide notice to FERC, including any corrections or adjustments made during the period. PNM will submit the filing by February 1.