Originally published in the Albuquerque Journal on March 29
By David Van Winkle / Rio Grande Chapter of the Sierra Club
Over the past year, Public Service Company of New Mexico has criticized the Environmental Protection Agency’s work in New Mexico, claiming that the EPA’s plan to reduce nitrous-oxide emissions and protect New Mexico’s environment would cost much more than needed, would raise electricity rates the equivalent of one monthly electricity bill each year and would hurt New Mexico’s low-income customers.
The Journal endorsed this view in an editorial on March 8: “State Coal Plant Plan Makes Long-Term Sense.” … There are some facts missing from the storyline.
First is that PNM’s own rate increases in the last few years, on behalf of its shareholders, have increased electric rates the equivalent of five monthly electric bills. No mention by PNM of low-income customers in that regard.