Public Service Company of New Mexico (PNM) has applied to join the Energy Imbalance Market by 2021, the EIM Governing Body learned.

FERC accepted transmission calculations submitted by Southwestern transmission-owning utilities in support of their requests for market-based rates.

FERC approved an uncontested settlement agreement granting PNM a 10% base return on equity on its transmission operations.

FERC issued a final rule to clarify and streamline its market-based rate program, the first major update to the policy since codifying it in Order 697 in 2007.