On February 18, 2026, the New Mexico Public Utility Commission (PUC) made a significant decision to approve rate increases for electric and water utilities across the state. The decision came after weeks of deliberation and consideration of input from various stakeholders.According to the PUC, the rate increases are necessary to ensure that the electric and water utilities can continue to provide reliable service to customers while also making necessary investments in infrastructure, renewable energy sources, and other key initiatives. The approved rate increases will result in an average increase of 5% for electric utilities and 3% for water utilities.In a statement released following the decision, the PUC emphasized the importance of balancing the needs of customers with the financial requirements of the utilities. They also highlighted the need for continued investment in renewable energy sources to meet the state's clean energy goals.The rate increases have been met with mixed reactions from the public. Some customers have expressed frustration over the added financial burden, particularly in light of rising costs of living. Others have acknowledged the necessity of the increases in order to maintain reliable utility services.Going forward, the PUC has stated that they will continue to monitor the utilities closely to ensure that the rate increases are being implemented effectively and that customers are not being unduly burdened. They have also committed to working with utilities to explore potential cost-saving measures and alternative funding sources in the future.Overall, the decision to approve rate increases for electric and water utilities in New Mexico represents a complex balancing act between the needs of customers, the financial health of utilities, and the state's clean energy goals. The PUC will continue to play a key role in regulating these vital services to ensure that they remain accessible and sustainable for all New Mexicans.