NM House OKs cutting utility rates for businesses

February 15, 2014 • State News

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 ( ).

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

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