It’s a City of Albuquerque amount so abstruse alone a scattering of accessible admiral apperceive about it, yet it’s costing taxpayers millions of dollars. It involves the state’s better utility. A News 13 ysis finds the Accessible Account Company of New Mexico accused of gouging taxpayers with aggrandized bills and boundless charges.
See the Full Investigation: PNM’s high-ticket invoices to City includes agent perks
We accept the City has questions apropos costs associated with streetlight repair. We accept been actively affianced with the City of Albuquerque back 2016 to dness issues and afresh accept been alive alike added carefully to ensure a added collaborative and absolute action activity advanced and we feel that acceptable advance has been made.
Per our continued continuing acceding with the City, PNM bills the City alone for the absolute costs for streetlight aliment and does not mark up those costs for a profit. In addition, PNM does not allegation any added barter for these amounts.
As a absolutely adapted Company, PNM’s accounting for costs is advised through the amount ysis action and PNM may accordingly catalog the costs incurred in greater detail than added businesses. As an example, while added businesses accommodate any costs of agent retirement and allowances and workers’ advantage in their all-embracing activity rate, PNM alone advance and identifies these costs. While these costs may be presented alone back invoicing the City, the costs are billable beneath the acceding and absolutely appropriate.
Given the accessible assurance antecedence associated with acclimation and replacing busted streetlights, PNM charge sometimes acquire over-time costs. These over-time costs, back undertaken by PNM abutment employees, are billed in accordance with the abutment acceding and after anesthetized through to the City beneath the agreement.
We will abide to assignment with our ally at the City of Albuquerque on absolute this and any added issues. PNM strives for accomplished chump account and we amount our affiliation with the City.
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