Bill > HB91

This bill modifies existing New Mexico law regarding public utility rate structures by expanding the types of rate variations that the state utility commission can approve. Specifically, the bill allows the commission to approve four additional types of rate structures: economic development rates (which might incentivize business growth), rates designed to retain existing customer load, rates that reduce energy costs for low-income customers, and energy efficiency programs targeted at helping low-income customers manage their energy expenses. The core principle of the existing law remains unchanged, which prohibits public utilities from creating unreasonable preferences or disadvantages among different corporations, persons, localities, or service classes. The bill will take effect on July 1, 2025, and represents a nuanced approach to utility pricing that aims to balance fairness with targeted economic and social support. By explicitly listing these allowed rate structures, the bill provides clearer guidance to utility commissions about ways they can use pricing mechanisms to support economic development and assist vulnerable populations.

Agriculture and Natural Resources, Government Affairs

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=91&year=25