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PNM capacity: rehearing request
Today the Commission issued a tolling order on our request for rehearing in the PNM capacity docket. As you recall, we asked for rehearing of the Commission's requirement that TW's acquisition of capacity be limited to the summer months. The tolling order is simply FERC's way of buying time to consider our request. In the absence of Commission action within 30 days of our rehearing request, our request would have been deemed denied...so we're doing well so far. There is no deadline for the Commission to act on our request. I'll watch to see whether it appears on the Commission's agenda.