SANTA FE, N.M. (AP) — The state House passed a bill Friday that gives large businesses a discount on electricity rates, a move that would lead to higher costs for families and small businesses but that supporters say would draw investment to New Mexico.
Lawmakers passed the bill in a 47-17 vote, The Santa Fe New Mexican reported (http://bit.ly/M2QBoe ).
House Bill 296 would allow utility companies to make back lost costs by increasing rates for households and small businesses. Twenty-nine other states offer similar discounts for larger businesses.
Supporters say rate reductions Login to read more