Public Service Co of NM late fee
New Mexico · Investor Owned
Public Service Co of NM charges 0.667% for a residential electric bill paid late.
- Percentage fee
- 0.667% of the past-due balance
- Grace period
- 20 days
- Can disconnect
- Yes, for non-payment
- Percentile
- Higher than 3% of US utilities that charge a percentage fee
- Residential customers
- 492,945
Late fees versus bad debt, 2024
- Late-fee revenue
- $1,099,912 (FERC account 450, Forfeited Discounts)
- Written off
- $4,059,071 (FERC account 904, Uncollectible Accounts)
- Ratio
- 0.27x
Source: US Federal Energy Regulatory Commission, FERC Form 1, accounts 450 and 904 (18 CFR Part 101), retrieved via the Public Utility Data Liberation project. Municipal utilities and most cooperatives do not file Form 1, so no ratio is available for them.
Disconnections in 2024
- Disconnections
- 8,057 for non-payment
- Rate
- 1.63 per 100 residential customers
- Final notices
- 342,982
- Reconnections
- 4,047
Counts are disconnection events, not households. Source: US Energy Information Administration, Form EIA-112. See how this compares.
0.667%/mo on arrears; late 20 days after mailing (PNM)
Source: https://www.pnm.com/documents/396023/1629772/Rule+8+-+Billing+and+Pymt+Standards.pdf