Bill > SB352

This bill amends existing law to allow the commission, which refers to the New Mexico Public Regulation Commission, to approve special rates or tariffs for gas and electric utilities. These special rates are intended to help utilities retain existing customers, encourage businesses to expand their operations in New Mexico, and attract new businesses to the state, all with the goal of promoting economic development. The bill specifies that any such special rates must be designed to at least cover the additional costs incurred by the utility in providing service to these customers.