UTILITIESAPPROVED

Corrales village Awards Utilities Contract to Public Service Company of New Mexico (July 2026)

The Village of Corrales approved a 15-year nonexclusive electric franchise with Public Service Company of New Mexico, allowing PNM to use public rights-of-way to provide power. In return, PNM will pay the Village a 3% fee on gross electric receipts from customers within municipal limits and maintain required insurance and relocation responsibilities.

Status
APPROVED
Document date
July 23, 2026
Contract type
UTILITIES
Vendor
Public Service Company of New Mexico
Agency
Corrales village · NM

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
3% of gross receipts from sale of electricity within Village limits, paid monthly
Contract type
UTILITIES
Contract term
15 years from effective date of Ordinance 26-06
Renewal
Franchise runs 15 years from its effective date and supersedes the prior 25-year agreement; any extension or amendment requires new Council action and acceptance by PNM.
Document type
AgendaPacket
Source document
Village of Corrales Agenda Packet 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the utilities contract by Corrales village?

Public Service Company of New Mexico was awarded this utilities contract by Corrales village, as recorded on July 23, 2026. The contract value is 3% of gross receipts from sale of electricity within Village limits, paid monthly.

How much is the Public Service Company of New Mexico contract with Corrales village worth?

The Public Service Company of New Mexico contract with Corrales village is valued at 3% of gross receipts from sale of electricity within Village limits, paid monthly, covering utilities work.

What type of contract is this?

This is a Utilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Village of Corrales Agenda Packet 2026-07-23 (AgendaPacket), dated July 23, 2026 from Corrales village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Public Service Company of New Mexico hold?

Public Service Company of New Mexico may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Public Service Company of New Mexico's profile

What is Corrales village currently buying?

Explore Corrales village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Corrales village's profile

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