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Stock impact report

New Mexico panel surprises Facebook with $39M utility bill [FOX Business Network]

Facebook, Inc (FB)  More Company Research Source: FOX Business Network
Last facebook, inc earnings: 7/24 04:05 pm Check Earnings Report
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PDF New Mexico panel surprises Facebook with $39M utility bill article A powerful New Mexico regulatory authority is requiring the state's largest utility to bill $39 million for a new transmission line construction for its data center — a move the social media giant says it was not expecting. Continue Reading Below The Public Regulation Commission's on Tuesday ordered the Public Service Company of New Mexico to charge for nearly half the cost of the $85 million transmission project for its New Mexico data center that opened this year, the Albuquerque Journal reports . Commission members, who voted 5-0 to approve the order, contend that the utility cannot bill ratepayers for the transmission project because the line will not benefit retail customers. It only helps and wholesale electric operators who need the transmission capacity to supply renewable energy to other markets, the commission said. But the Menlo Park, California-based said that the ruling could affect its long-term opera [Read more]
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